Business Category: An insurance practitioner (insurer, MGA, broker, agent)
Maturity Status: Startup (less than 3 years since product went into production)
Product or Service: Foxquilt Small Business Insurance
Area: Property & Casualty Insurance
Foxquilt is a leading North American insurance technology company focused on specializing in small businesses and micro-enterprise insurance. Foxquilt develops, underwrites, and distributes a complete line of its own commercial insurance products (eCommerce, Contractors and Personal Services) in the United States and Canada. As the only cross-border platform of its kind, the company uses a combination of data analytics and dynamic underwriting logic to deploy fully automated, multi-operational coverage to meet the needs of both affinity partners’ insurance requirements and associated small business customers.
What makes us an InsurTech:
Foxquilt is powered by its full-stack, proprietary dynamic underwriting platform that is focused on rewarding business owners with an empowered value offering including simplicity, new products and savings. Customers, broker and agents are supported with their own self-serve platforms that allow each a true quote and bind platform.
Our embedded insurance technology also lies at the core of our disruptive strategy. By seamlessly integrating insurance products into various platforms and services, we’re enabling businesses and communities to provide tailored coverage solutions to their customers and networks with ease. This approach empowers consumers to seamlessly gain access to insurance products by eliminating traditional barriers and delivering a superior user experience.
Major features & technology used:
Foxquilt is powered by its proprietary full-stack, end-to-end insurance platform – Foxden. Foxden uses a cloud native, flexible platform and low-code configuration, allowing for quick and easy enhancements. Our front-end is designed for customer connectivity with a broker/agent portal and a D2C self-service portal with full online purchasing capabilities. Our back-end leverages a multi-operational actuarial rating engine and AI data enabled product configuration to automate profitable underwriting. Live data also allows us to make business decisions and rate adjustments in real time and in the real-world economy.
News & Updates
See the latest Foxquilt news.
Foxquilt is a leading North American insurance technology company focused on providing small businesses insurance. Foxquilt develops, underwrites, and distributes a complete line of its own commercial insurance products in the United States and Canada. The company uses a combination of data analytics and artificial intelligence to recommend the best insurance coverage and price to meet the individual needs of its small business customers through brokers/agents, affinity partners, as well as directly to consumers. For more information, please visit www.foxquilt.com.
→ back to the InsurTech Spotlight index