Velocity Risk Underwriters

Velocity Risk Underwriters

Underwriting catastrophe risks, such as hurricanes, earthquakes, tornadoes, and fires. Learn more
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Acquisition
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$119m

Growth Equity non VC
Total Funding-

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Velocity Risk Underwriters specializes in providing property insurance solutions tailored for homeowners and commercial clients in catastrophe-prone coastal regions. The company operates primarily in the insurance market, focusing on areas susceptible to natural disasters such as hurricanes and floods. Velocity Risk Underwriters offers a range of insurance products, including HO3 and DP3 property policies, without coastal restrictions, ensuring comprehensive coverage for their clients.

The business model revolves around underwriting and selling insurance policies, generating revenue through premiums paid by policyholders. Velocity Risk Underwriters differentiates itself with its 'Uncommon Confidence' approach, emphasizing best-in-class service and rapid response times in the event of a claim. The company also leverages technology through its mobile app, which allows clients to easily access their policy information, check weather conditions, and file claims.

Clients served by Velocity Risk Underwriters include individual homeowners, commercial property owners, and educational institutions, all seeking reliable insurance coverage in high-risk areas. The company's commitment to restoring clients to their pre-catastrophe state and its focus on customer satisfaction are key drivers of its success.

Keywords: catastrophe insurance, coastal communities, property insurance, HO3 policies, DP3 policies, mobile app, rapid claims processing, homeowners, commercial clients, disaster recovery.

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Investments by Velocity Risk Underwriters

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Insight Risk Technologies
ACQUISITION by Velocity Risk Underwriters Sep 2023