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Founded Year

2017

Stage

Series D | Alive

Total Raised

$221.47M

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-3 points in the past 30 days

About Branch

Branch specializes in providing home and auto insurance services within the insurance industry. The company offers a process for customers to obtain insurance quotes and purchase policies online, with options for personalizing coverage and bundling insurance products for potential savings. It was founded in 2017 and is based in Columbus, Ohio.

Headquarters Location

20 East Broad Street Suite 1200

Columbus, Ohio, 43215,

United States

855-223-9301

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Branch's Product Videos

ESPs containing Branch

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Insurance / P&C Insurance Tech

The full-stack insurtech carriers — auto market comprises insurtech carriers that underwrite automotive insurance. As with established carriers, insurtech carriers will typically also be licensed by respective authorities and undergo review by rating agencies. The use of alternative data (such as from telematics sensors) is often central to proactive risk management and underwriting practices empl…

Branch named as Leader among 12 other companies, including Digit Insurance, Lemonade, and Root.

Branch's Products & Differentiators

    Auto Insuramce

    instant, bundled car insurance available with just name and address.

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Research containing Branch

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Branch in 2 CB Insights research briefs, most recently on Feb 23, 2024.

Expert Collections containing Branch

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Branch is included in 6 Expert Collections, including Real Estate Tech.

R

Real Estate Tech

2,490 items

Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.

U

Unicorns- Billion Dollar Startups

1,258 items

I

Insurtech

4,417 items

Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

9,394 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

I

Insurtech 50

50 items

Report: https://app.cbinsights.com/research/report/top-insurtech-startups-2022/

F

Fintech 100

249 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

Latest Branch News

08:38 ET Branch Selects Liberate's Voice AI for FNOL and Digital Customer Experience

Nov 18, 2024

News provided by Share this article Share toX PALO ALTO, Calif., Nov. 18, 2024 /PRNewswire/ -- Branch, a full-stack insurance provider that uses data, technology and automation to make bundling home and auto insurance easier than ever has partnered with Liberate Innovations, Inc. to facilitate faster, easier claim journeys using innovative digital FNOL and Voice AI for FNOL solutions. The decision to partner with Liberate was driven by Branch's unwavering commitment to service. "Our goals were to enhance efficiency, streamline claim workflows and create a seamless claims experience. "We are relentlessly focused on our customer experience and always looking for ways to improve," explains Charlie Wendland, Head of Claims at Branch. Wendland explains that their new solution is more than he initially expected. "It's quite robust," he says. "The integration with our claim system has improved data integrity and enhanced the vendor assignment process, leading to more consistent claim outcomes. These capabilities enable real-time data sharing that accelerates the entire claim process, which not only enhances accuracy, but also provides a much better customer experience," he explains. The complete implementation encompasses: Voice AI for FNOL and Digital FNOL for homeowners and auto insurance with prefilled policy fields, and tap-and-click convenience, enabling claims to be reported in five minutes or less. Integration with Branch's policy and claim platforms, enabling structured data to pass between systems without the need for manual data entry. Integration with fraud detection software so submitted images receive a fraud likelihood score, informing further file handling. Automated vendor assignments for water mitigation. Notably, the total implementation time for the first phase (homeowners FNOL) was just eight weeks. "The Liberate team has been wonderful to work with and highly collaborative," says Wendland. "They are proactive and attentive, and consistently engage with us to refine ideas. They adapt to whatever we throw at them – anti-fraud integration is just one example. We introduced that technology to the Liberate team and they found a way to get it done. Their commitment to transparent communication has helped ensure a smooth process," he explains. About Liberate Innovations Inc Liberate builds fully trained and integrated AI Agents that interact over Voice, SMS, Email and Digital and can resolve complex, multi-faceted requests – tasks that could only be performed by trained professionals in the past. Liberate's Voice AI Agents have revolutionized the insurance industry by seamlessly answering phone calls, collecting quote information, receiving FNOLs and servicing customer requests in an empathetic, humanlike manner. Liberate's affordable and customizable AI solutions typically deploy in weeks with almost no integration overhead and have been proven to overcome labor challenges while enhancing policyholder service levels for retail agencies, MGAs and carriers. For more information, visit  https://www.liberateinc.com/ . About Branch Branch is home and auto insurance that's simple to buy and built for savings. Through its revolutionary instant-bind capability, Branch removes all of the friction associated with getting covered, helping consumers bundle their home and auto with ease. Branch is a Public Benefits Corporation and manages a reciprocal exchange, an organization in which the policyholders are the actual owners of the policy premiums. The structure is built to align incentives and provide members with as much savings as possible. Branch further provides its members with access to a number of community-based products – which help members save even more by leveraging the power of their networks. Media Contact

Branch Frequently Asked Questions (FAQ)

  • When was Branch founded?

    Branch was founded in 2017.

  • Where is Branch's headquarters?

    Branch's headquarters is located at 20 East Broad Street, Columbus.

  • What is Branch's latest funding round?

    Branch's latest funding round is Series D.

  • How much did Branch raise?

    Branch raised a total of $221.47M.

  • Who are the investors of Branch?

    Investors of Branch include Gaingels, Greycroft, SignalFire, American Family Ventures, Tower IV and 14 more.

  • Who are Branch's competitors?

    Competitors of Branch include Hippo and 4 more.

  • What products does Branch offer?

    Branch's products include Auto Insuramce and 4 more.

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