companies

Insurights Seed

Employees 10+
Primary contact

Links
https://www.insurights.com/
Insurights has developed an AI-powered digital platform which uses Natural Language Processing and which aims to become the organization's Chief Health Officer (called Zoe). It provides employees on-the-spot answers to their health coverage and benefits questions, helping them find lower-cost providers, and letting them know about relevant preventive care benefits to ensure they are healthier. Insurights dubs its solution to be a "true game-changer" for how employees interact with their healthcare and a huge time saver for HR departments. On the other hand, it also helps employers provide the best possible benefits.
Employees 10+
Primary contact

Links
https://www.insurights.com/

Funding 💰

Total $23.5M
Last round 🔗 $22M
October 19, 2021.
Select investors Group 11, Good Company, Cresson Management, InsurTech Israel fund

Key people 🧑‍🤝‍🧑

Highlights ⭐

  • The company's solution also makes life easier for HR managers and CFOs. The former will spend less time resolving employee benefits issues and deciding which healthcare plan to offer employees each year, while the latter will ultimately better manage their (immense) employee healthcare costs.
  • The lack of transparency around health coverage has a pervasive effect on the U.S. economy, which loses $21.6 billion a year solely due to the time employees spend on the phone with their health insurance company. In addition, it is estimated that companies lose $26 billion a year when employees take time off to deal with health benefits administrators.
  • The company's founders are business-savvy, having previously worked for McKinsey & Company. Their decision to launch Insurights was influenced by their personal frustrations with the complexity and inefficiency of the U.S. healthcare system.
  • The fact that Insurights' raised a massive seed round ($22M) speaks volumes. These guys and gals are obviously onto something.
  • Guy, Ben and the founding team at Insurights have an exceptional understanding of what is needed to solve one of the most common problems in U.S. healthcare - Dovi Frances, Group 11 Founding Partner 🔗
Last update: November 24, 2021