NSI Insurance Group Acquires Majority Stake in InsurTech Startup HoneyQuote – Business Wire
MIAMI–(BUSINESS WIRE)–Florida-based digital insurance agency HoneyQuote.com has been acquired by one of the largest independent insurance agencies, NSI Insurance Group – a move that will enable the startup to expand its operations nationally, launch new product lines, and facilitate larger distribution partnerships.
“Partnering with such an established player in the market with similar entrepreneurial roots poises HoneyQuote to grow exponentially.”
HoneyQuote’s machine learning algorithm matches users with property insurance carriers in real-time. Its proprietary search engine allows consumers to shop and purchase homeowners’ insurance online.
Since its launch in 2019, HoneyQuote has partnered with 30 of the top insurance carriers in Florida and has insured over $1 billion in property value. The startup now has its sights set on expanding nationally with additional insurance products in the works, including condominium-owners, renters, personal umbrella, pet, and auto…
Read Full Story: https://www.businesswire.com/news/home/20220322006070/en/NSI-Insurance-Group-Acquires-Majority-Stake-in-InsurTech-Startup-HoneyQuote
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