About SageSure
SageSure offers insurance coverage for homeowners and small businesses in high-risk coastal areas, focusing on regions often neglected by traditional insurers. The company provides tailored insurance products that address the unique challenges of these markets, particularly those affected by natural disasters like hurricanes and floods. With a team of experienced professionals, SageSure uses advanced technology and data analytics to accurately assess risks and price its products competitively. The goal is to ensure that clients in underserved areas have access to reliable and affordable insurance solutions.
Jersey City, New JerseyHeadquarters
2009Year Founded
$800MTotal Funding
DEBTCompany Stage
Social Impact, Financial ServicesIndustries
501-1,000Employees
Benefits
Fully stocked cafés with free snacks and beverages
Lounges with shuffleboard, billiards and board games
Access to in-office gyms
Organized and ad hoc social events
Medical (HSA, EPO, PPO)
Dental
Vision
401(k) with company match
Profit-sharing bonus program
Life insurance
Short-term and long-term disability
Up to 160 hours of paid time off per year, plus floating holidays
Paid holidays
8 hours of volunteer time off per year
Gym reimbursement
Tuition reimbursement toward education, licensing and certifications
Employee assistance program with access to free and confidential counseling
Risks
Integration challenges from GeoVera acquisition may impact operational efficiency.
Increased competition in coastal insurance could affect SageSure's market share.
Collaboration with Markel may increase risk exposure in high-risk areas.
Differentiation
SageSure specializes in high-risk coastal markets, often overlooked by traditional insurers.
The company uses advanced technology for accurate risk assessment and competitive pricing.
SageSure offers over 50 insurance products through a vast network of 11,400 producers.
Upsides
Acquisition of GeoVera expands SageSure's offerings to include earthquake insurance.
Increased demand for catastrophe bonds aligns with SageSure's active market participation.
Rising remote work trends present opportunities for new home office insurance products.
Funding
Total raised$800.00 M
StageDEBT
GROWTH EQUITY NON VC
4/30/2023$250