Reinsurance News

Nsure.com secures strategic investment from Pelican Ventures

27th July 2023 - Author: Akankshita Mukhopadhyay

Nsure.com, America’s leading digital insurance agency, has secured a strategic investment from Pelican Ventures, a private investment firm known for supporting visionary entrepreneurs in the insurance industry, with the exact amount undisclosed.

Founded in 2018, Nsure.com has rapidly emerged as a full-service digital agency, providing comprehensive personal lines coverage across all 50 states with more than 50 carriers. Through the integration of big data, robotic process automation, machine learning, and artificial intelligence, Nsure.com offers consumers a revolutionary way to shop for auto or home insurance.

The platform enables real apples-to-apples comparisons, empowering users to make informed decisions and purchase policies in a matter of minutes. For those seeking personalised assistance, Nsure.com also offers the option to consult with agents.

Adrian Dzielnicki, the CEO of Nsure.com, expressed his enthusiasm for the partnership with Pelican Ventures, citing their invaluable experience as successful entrepreneurs and innovators in the insurance industry. Furthermore, Pelican Ventures co-founder, Rod Fox, has agreed to join Nsure.com’s advisory board, further enhancing the collaboration.

Rod Fox, a board member at Pelican Ventures, praised Nsure.com’s advanced technology, user-friendly interface, and personalised approach. He emphasised that less than 5% of personal lines policies are currently purchased online, indicating an untapped market potential.

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Nsure.com aims to transform this landscape, positioning itself as the only multicarrier complete end-to-end distribution source, revolutionising how Americans purchase insurance.

Pelican Ventures’ recent investments in the insurance industry include Ariel Re, Trium Cyber, and EvolutionIQ, showcasing their commitment to supporting cutting-edge ventures with significant potential.

Nsure.com’s unique ability to seamlessly integrate customer preferences with carrier offerings has set it apart in the digital insurance space. According to Dzielnicki, other digital players lack the extensive carrier options and the capability to bind policies online, a capability only offered by Nsure.com.

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