PolicyGenius successfully raised $15 million in a recent round of funding, enabling them to expand its price comparison insurance brokerage service. The startup, founded by former McKinsey consultants, was a client of AgilityIO. At the end of last year, there was an estimate of 800,000 users of their service.
On PolicyGenius, users can conduct price comparisons for life insurance, long-term disability insurance, renters insurance and pet insurance. In addition, it serves as a platform for content and advice where one can also request for policy quotes.
In this TechCrunch article, PolicyGenius is described by Jennifer Fitzgerald, the chief executive, as a potential solution to the industry’s labor shortage in the future and would help narrow the gap between what consumers need versus what policies they actually have.