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Company profile: SuranceBay

1.1 - Company Overview

SuranceBay Logo

SuranceBay

Headquarter: United States
Founded: 20XX🔒
Employees: 100-500🔒

Company description

  • Provider of SaaS solutions for insurance onboarding and compliance, connecting carriers, agencies, producers, and TPAs to streamline contracting, licensing, and compliance. Offers SureLC and SureLC One for multi/single-carrier contracting automation; Onboard for carrier/TPA connections; DataLink for automated data delivery; Can-Sell for compliance checks; Compliance+ for appointments and license/CE monitoring.

Products and services

  • SureLC: Enterprise-grade multi-carrier contracting automation system that streamlines producer contracting, licensing, and compliance monitoring for insurance agencies
  • Compliance+: Carrier-grade platform enabling carriers to create, renew, and terminate state appointments, monitor licenses and CE/training, and connect to internal management systems for automatic contract and appointment terminations
  • Onboard: Web-based application accelerating carrier and TPA connectivity with contracting requests from distributors, captive agencies, and direct producers by simplifying intake and reducing processing time

Key contacts

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Financial details

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1.2 - Competitors and similar companies to SuranceBay

Yodil Logo

Yodil

HQ: United States Website
  • Description: Provider of business intelligence (BI), management and operational reporting, and data analytics to the insurance industry, marrying deep insurance knowledge with rich content, adaptable technology, and flexible report-delivery options, and normalizing data from disparate source systems by standardizing formats and definitions.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Yodil company profile →
Neosurance Logo

Neosurance

HQ: Italy Website
  • Description: Provider of an insurtech customer insight and profiling platform enabling personalized insurance offerings and instant micro-policies via push notifications, plus technology and partnerships to execute mobile digital insurance strategies and paperless policies with instant processing and management delivered as a service.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Neosurance company profile →
Hyperexponential Logo

Hyperexponential

HQ: United Kingdom Website
  • Description: Provider of pricing decision intelligence software for the commercial insurance sector, enabling insurers to leverage large and alternative datasets, rapidly develop and refine rating tools, employ machine learning to price risk, and make data-driven pricing decisions. Offerings include hx Renew for pricing and hx Connect for access to data, insights, and systems partners.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Hyperexponential company profile →
Enclarity Logo

Enclarity

HQ: United States Website
  • Description: Provider of the largest, most accurate and current medical provider database, plus solutions for provider data management, identity verification, and real-world, population health, healthcare market, and whole person data & insights to improve claims, compliance, communication, research, decision-making, targeting, engagement, care coordination, and health equity.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Enclarity company profile →
Broker Buddha Logo

Broker Buddha

HQ: United States Website
  • Description: Provider of a technology platform that helps independent insurance agencies and commercial brokers streamline insurance applications, renewals, and submissions through a modern, intuitive workflow. Offers online smart forms with e-signature, automated reminders, agency-branded portals, pre-filled applications, and tailored questionnaires for new business and renewal submissions.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Broker Buddha company profile →
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2.M&A buyers

2.1 Potential strategic acquirers in the sector

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2.2 - Strategic buyer groups for SuranceBay

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Buyer group 1: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 2: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms

3.1 - Buyout funds investing in similar companies to SuranceBay

2.2 - Growth funds investing in similar companies to SuranceBay

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4 - Top valuation comps for SuranceBay

4.2 - Public trading comparable groups for SuranceBay

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4.3 - M&A Transactions similar to SuranceBay

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

About SuranceBay

What does SuranceBay do?

SuranceBay is a provider of SaaS solutions for insurance onboarding and compliance, connecting carriers, agencies, producers, and TPAs to streamline contracting, licensing, and compliance. Offers SureLC and SureLC One for multi/single-carrier contracting automation; Onboard for carrier/TPA connections; DataLink for automated data delivery; Can-Sell for compliance checks; Compliance+ for appointments and license/CE monitoring.

Who are SuranceBay's competitors?

SuranceBay's competitors and similar companies include Yodil, Neosurance, Hyperexponential, Enclarity, and Broker Buddha.

Where is SuranceBay headquartered?

SuranceBay is headquartered in United States.

How many employees does SuranceBay have?

SuranceBay has 1,000 employees 🔒.

When was SuranceBay founded?

SuranceBay was founded in 2010 🔒.

What sector and industry vertical is SuranceBay in?

SuranceBay is in the Enterprise Software 🔒 sector and industry

M&A Buyers & Acquirers for SuranceBay

Who are the top strategic acquirers in SuranceBay's sector and industry

Top strategic M&A buyers and acquirers in SuranceBay's sector include ████████, ██████████, ██████, ████████, and ██████████ 🔒.

Which M&A buyer groups are most relevant for SuranceBay?

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Financial Investors investing in SuranceBay's sector and industry vertical

Which are the top PE firms investing in SuranceBay's sector and industry vertical?

Top PE firms investing in SuranceBay's sector and industry vertical include ████████, ██████████, ████████, and ██████████ 🔒.

Who are the top buyout funds acquiring in SuranceBay's sector and industry vertical?

Active PE funds and buyout funds acquiring companies in SuranceBay's sector and industry vertical include █████████, ██████████, ████████████, and ████████████ 🔒.

Who are the top growth equity funds investing in companies in SuranceBay's sector and industry vertical?

Growth funds and venture capital funds investing in companies similar to SuranceBay include █████████, ██████████, ████████████, and ████████████ 🔒.

Valuation benchmarks of companies in SuranceBay's sector and industry

Which are the key public companies that are relevant trading comps benchmarks for SuranceBay?

The key public trading comparables and valuation benchmarks for SuranceBay include █████████, ██████████, ████████████, and ████████████ 🔒.

Which are the key trading comparable groups for SuranceBay for public valuation benchmarks?

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What are recent M&A transactions in SuranceBay's sector and industry vertical?

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What are recent capital raises and funding rounds in SuranceBay's' sector and industry vertical?

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