Assurance IQ

Personalized insurance and finance recommendations

Bellevue, Washington, United States

About Assurance IQ

Assurance IQ helps individuals find the right insurance and personal finance solutions. As a licensed insurance agency, it offers personalized recommendations for various types of insurance, including health, life, and short-term medical coverage. Clients can receive tailored suggestions based on their specific needs, making the insurance shopping process easier. Assurance IQ operates a technical platform that streamlines this process, allowing users to make informed decisions without any cost, as the company earns commissions from insurance providers when policies are purchased through its platform. Unlike many competitors, Assurance IQ benefits from being a subsidiary of Prudential Financial, which provides strong financial support and industry knowledge. The company's goal is to enhance the personal and financial well-being of its clients while expanding its operations and maintaining a high level of customer service.

Bellevue, WashingtonHeadquarters
2016Year Founded
ACQUISITIONCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Top-Notch Health Benefits - Our insurance includes comprehensive medical, dental, vision, plus we offer Weekly Wellness Sessions to help reduce stress and improve focus.
Competitive Compensation - Our salaries are competitive and many include a bonus plan. All employees get access to a 401K so you can invest in financial wellness.
Time When You Need It - We offer generous vacation time. We also offer 16 weeks of paid parental leave.
Unmatched Growth Opportunities - Advance your career rapidly with leadership development training, coaching, and a culture of candid feedback and internal promotion.
Career Development - Never stop learning with access to continuing education opportunities like Assurance 101 and Assurance University.
Day-to-day Your Way - Create a comfortable home office with a company laptop and peripherals provided. We also offer commuter benefits for those coming to an office.

Risks

Closure of Nectar platform may reduce revenue streams and partnerships.
Continued financial losses of $381 million over twelve quarters impact growth potential.
Prudential acquisition has not met financial expectations, causing strategic challenges.

Differentiation

Assurance IQ uses AI-driven underwriting for personalized and accurate policy pricing.
The company integrates insurance into other products, expanding distribution channels.
Assurance IQ leverages blockchain for improved transparency and reduced fraud.

Upsides

Increased adoption of digital-first solutions boosts customer satisfaction and retention.
Partnership with Innervate enhances scalable creative production and consistent branding.
TNS Enterprise Branded Calling improves customer trust and engagement by 25%.

Funding

Total raised$3.5 K
Latest valuation$3.50 B
StageACQUISITION
ACQUISITION
8/31/2019
$3.5 K
$3.50 B