Workers’ Compensation Insurtech Pie Insurance Enters 5 Additional States

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On line vendor pie coverage has commenced supplying its employees compensation coverage in 5 extra states, bringing the overall to fourteen.

The washington, d.C.-based totally coping with standard agent disclosed it has begun advertising its policies to small corporations in ny, michigan, pennsylvania, maryland and nebraska. That’s on top of current approvals in arizona, california, colorado, georgia, illinois, louisiana, north carolina, tennessee and texas.
The tech-force corporation’s device relies on predictive analytics and datasets to digitize the shopping for of workers repayment coverage, which it pitches as saving small business owners up to 30 percentage in the procedure.

In 2017, pie attracted $4.Three million in seed funding from sirius institution, moxley holdings and elefund. In 2018, greycroft and factor ventures joined present traders to reinforce geographic expansion and scale operations as part of pie’s $11 million series a investment round.

Pie operates as a dealing with widespread business enterprise for sirius the united states coverage co., a subsidiary of sirius organization, providing a.M. Fine “a”-rated workers repayment coverage.

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