Who Is Pie Insurance Owned By?

The company is led by co-founder and CEO John Swigart

Is pie insurance an MGA?

Pie launched in 2017 to provide workers compensation insurance to small businesses, directly through its website and through independent agents. The company has operated as an MGA for Sirius America Insurance Company , a subsidiary of sirius group.

What is pie Insurance AM Best rating?

Pie is backed by and their policies are underwritten by the Sirius Group, so they earn an A- for financial strength from A.M. Best.

How long has pie insurance been around?

Pie, which is backed by Greycroft, Aspect Ventures, Sirius Group, Moxley Holdings, and Elefund, began offering insurance policies in 2018 The Sirius Group provides insurance backing with $2.5 billion of premium capacity.

Is Pie insurance going public?

Commercial lines InsurTech Pie is in the preliminary stages of work to go public via a traditional IPO , Inside P&C can reveal. Sources told this publication that Pie, which had an initial focus on workers’ comp, has engaged with investment banks with a view to a 2022 float.

What is an Insurtech company?

Insurtech is a term, similar to fintech, for a company using technology to disrupt the insurance industry.

How do I get workers compensation insurance in California?

  1. You can buy it from a private insurance carrier
  2. You can buy it from the state fund. California has a competitive state fund for workers’ compensation: StateFund First.
  3. You can self-insure your business.

How does insurtech make money?

More specifically, insurance companies sell insurance policies and receive payment in the form of a premium. The main way that an insurance company makes a profit is by ensuring the premiums received are greater than any claims made against the policy This is known as the underwriting profit.

How many insurtech companies are there?

Approximately 1,500 InsurTech startups are currently operating around the world.

Who provides workers compensation insurance in California?

If you need workers’ compensation, California businesses can buy coverage from private insurance companies or the state fund for workers compensation If you don’t have coverage, you’re violating California Labor Code. This means you can face a: $10,000 fine.

Can I use my own insurance instead of workers comp in California?

The fact of the matter is that if you require treatment for a work-related injury, only workers’ compensation insurance can be used If you use your personal health insurance when you’re still injured from your workplace injury, you will have to lie to the doctor and tell them your injury is not work-related.

Who pays for workers compensation in California?

If you have a work-related injury or illness, your employer is required by law to pay for workers’ compensation benefits. You could get hurt by: One event at work, such as hurting your back in a fall, getting burned by a chemical that splashes on your skin or getting hurt in a car accident while making deliveries.