property-casualty
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The Spreadsheet Escape Plan Behind $75 Billion in Insurance Risk
hyperexponential started by giving actuaries a cleaner way out of Excel. Nine years later, its software helps govern underwriting decisions across more than $75 billion in annual commercial insurance premium - and its next bet is an AI agent that can take a broker email to a decision-ready risk.
Majesco Put Insurance's Back Office in the Cloud. Now It Wants to Give It Agents.
The 44-year-old software company turned a $729 million take-private into a cloud conversion, an acquisition spree and a bet that insurance's next interface will be less clicking and more delegating.
How 24 Insurance Firms Merged Into One and Skipped the Awkward Small-Talk Phase
Twenty-four independent agencies merged on the same January morning in 2017. Nine years and roughly 130 acquisitions later, Alera Group is a $1.5 billion insurance and wealth firm - and it is still shopping.
The Insurance Company That Started With a Bet on Farmers
A hunch about farmers in 1927 grew into a top-ten American insurer. Here is how American Family Insurance built a mutual empire on the promise to inspire, protect, and restore dreams.
The $13 Billion Bet on Making Big Insurance Feel Small
NFP built a sizeable brokerage by staying close to middle-market clients. Now Aon is testing whether global scale can strengthen that intimacy without sanding it away.
The Insurance Giant Hiding Behind the Repair Bill
AmTrust built an $8.8 billion premium engine by insuring the businesses and breakdowns bigger carriers can overlook. Its next policy is being written in software, claims data and a network of specialist partners.
Leavitt Group
Leavitt Group has spent seven decades turning a Cedar City agency into a 31-state brokerage without sanding off local ownership. Its edge is a partnership model that gives independent operators national leverage and a reason to stay.
ONEGROUP Risk Management and Insurance
The Syracuse brokerage has spent decades turning a once-a-year insurance purchase into an always-on operating discipline - combining coverage, claims, benefits, HR and prevention under one roof.
GEICO
The company that skipped the insurance agent, hired a British-accented lizard, and turned '15 minutes' into one of the most repeated sentences in American advertising.
W. R. Berkley Corporation
W. R. Berkley became one of America’s largest commercial insurers by building roughly 60 specialist businesses and letting them stay close to the risk. The center supplies capital; the edges supply judgment.
EMC Insurance Companies
EMC built a $2.05 billion commercial insurance book without abandoning the local agent. Now the 115-year-old mutual is betting that better software can create more time for judgment, prevention and the human conversations that follow a loss.
Crawford & Company
For 85 years, Crawford & Company has made a business of the difficult middle between loss and recovery. Its next act pairs thousands of adjusters, nurses and contractors with software built to make claims move faster - without pretending the human judgment can be automated away.
MGT Insurance
MGT Insurance is a vertically AI-native neo-insurer rebuilding commercial property and casualty insurance for the roughly 35 million small businesses in the United States and the brokers who serve them. Founded in 2022 by brothers Graham and Michael Topol, MGT owns the full stack - intake, underwriting, distribution, policy delivery and servicing - on a modern technology platform, letting agents quote and often bind Business Owner Policies in minutes rather than days or weeks. The company writes BOP in 42-plus states and D.C., serves nearly 30,000 customers, holds an A- (Excellent) rating from AM Best, and closed an oversubscribed $21.6M Series B in October 2025 led by Mubadala Capital.
Federato
Federato is an AI-native insurance platform built around a framework it calls RiskOps - software that connects portfolio strategy to the day-to-day decisions underwriters make on individual policies. Founded in 2020 by Stanford researchers Will Ross and William Steenbergen, the company sells to property-and-casualty carriers, MGAs and mutuals, and reports customers regularly see a 90% improvement in time-to-quote and a 3x lift in profitable business bound. In November 2025 it raised a $100M Series D led by Goldman Sachs Alternatives.