Submission declined on 12 October 2024 by Alpha3031 (talk).
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
|  |
| Submission declined on 21 June 2024 by SafariScribe (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by SafariScribe 5 months ago.
| |
Comment: Please note the list of routine coverage and announcements as any sources that fall into that category are unlikely to contribute to the multiple sources that meet the 4 criteria mentioned. Alpha3031 (t • c) 03:25, 12 October 2024 (UTC)
| Industry | Insurance |
|---|---|
| Founded | 2014 U.S. |
| Founder | Jennifer Fitzgerald and Francois de Lame |
| Headquarters | Topeka, Kansas , U.S. |
Area served | United States |
Key people | Jennifer Fitzgerald (Founder) Francois de Lame (Founder) Frank Kumpuris (CEO) |
| Products | Insurance |
| Website | www |
Policygenius LLC., owned by Zinnia, is a privately held online insurance marketplace. The licensed insurance broker provides free life, home, renters, auto, health, and disability insurance to help consumers compare and purchase insurance coverage. Consumers can see prices using real-time technology and work with licensed Policygenius insurance agents across the United States.[1][2][3][3]
The Policygenius division of Zinnia employed approximately 370 workers as of 2023 and maintains headquarters in Topeka, Kansas.[4]
History
editPolicygenius was founded by Jennifer Fitzgerald and Francois de Lame, both former management consultants of McKinsey & Company.[4][5][3]. The pair launched a New York City-based startup, KnowItOwl, in 2013 to modernize the process of shopping for and buying insurance.
In 2014, KnowItOwl rebranded as Policygenius.[citation needed]
Modern Growth
editSince 2014, Policygenius has sold an estimated $200 billion in coverage and helped nearly 30 million shoppers compare insurance policies.[6][7]
In addition to the original headquarters in New York City, Policygenius opened a second headquarters in downtown Durham, North Carolina after receiving an package worth $5 million from the state in 2019.[8][9][5]
In the height of COVID-19, Brighthouse Financial and Policygenius launched Brighthouse SimplySelect, a data-driven accelerated underwriting (AU) level term life insurance product, in June 2020.[10] Policygenius partnered with Lincoln Financial Group to launch Lincoln TermAccel, a life insurance product. [11]
Jennifer Fitzgerald and Francois de Lame resigned from their leadership positions with Policygenius on November 30, 2023.[12]
Policygenius Pro
editPolicygenius Pro was launched in February 2022. This B2B platform helps independent agents and financial advisors accelerate and streamline term life insurance sales.[13] In the summer of 2022, Policygenius began to form partnerships with various financial groups, such as Impact (June 2022), Facet Wealth (July 2022), and Barnum Financial Group (September 2022).[14][15] These collaborations enabled insurance agents and advisors to direct their clients to Policygenius Pro's streamlined life insurance placement process. [16]
Zinnia Acquisition
editPolicygenius was acquired by Zinnia, an insurance technology and digital services company, in April 2023 for an undisclosed sum.[17]
The deal was supported by an estimated $200 million of new capital coming from Eldridge Industries, Zinnia’s parent company, as well as existing Policygenius investors. [18] The combined company would have an enterprise value of over $1 billion. [18]
Funding
editPrior to the Zinnia acquisition, Policygenius had multiple investors, including Kohlberg Kravis Roberts, Norwest Venture Partners, Pacific Life, MassMutual, Lincoln Financial Group, and Revolution Ventures.[1][19]
The first round of funding took place in 2014 for a total of $750,000 from six investors, followed by a $5.3 million Series A funding round from Karlin Ventures and Susa Ventures in 2015.[citation needed] In January 2016, Policygenius raised another $15 million in funding with a Series B round, led by Revolution Ventures with participation from Karlin Ventures, Susa Ventures, AXA Strategic Ventures, Transamerica Ventures, and MassMutual Ventures.[citation needed] In 2017, the company raised a $30 million Series C, which was led by Norwest Venture Partners.[citation needed] In January 2020, the insurance platform secured a total of $100 million through a Series D round of funding, led by Kohlberg Kravis Roberts.[20] Policygenius most recently secured $125 million in a Series E round in March 2022. [21]
As of 2022, Policygenius raised over $276 million in funding.[22]
References
edit- ^ a b "Policygenius | Company Overview & News". Forbes.
- ^ "PolicyGenius Inc - Company Profile and News". Bloomberg.com.
- ^ a b c "Jennifer Fitzgerald '08 Disrupts the Insurance Industry".
- ^ a b "Policygenius Inc. | Better Business Bureau® Profile".
- ^ a b https://www.inc.com/maria-aspan/policygenius-insurance-jennifer-fitzgerald-raising-money.html
- ^ "Policygenius Car Insurance Reviews: How it Works and How to Save (2024)".
- ^ "InsurTechNews | NY-based Policygenius Now Offers Home and Auto Insurance".
- ^ "Policygenius lays off 170 employees months after massive funding round - Axios Raleigh".
- ^ https://www.newsobserver.com/news/business/article259777320.html
- ^ "How Policygenius and Brighthouse worked together on digital life insurance". 29 June 2020.
- ^ "Policygenius launches with Lincoln TermAccel". 15 September 2020.
- ^ "Policygenius cofounders step down". 9 December 2023.
- ^ "Policygenius unveils B2B insurance platform". 22 February 2022.
- ^ "Policygenius, Impact partner to ease term life fulfillment".
- ^ "Policygenius partners with Facet Wealth for "more secure financial futures"". 15 July 2022.
- ^ "Policygenius and Barnum Financial team up for term life insurance". 16 September 2022.
- ^ https://www.bloomberg.com/news/videos/2023-04-25/eldridge-backed-tech-firm-zinnia-to-buy-policygenius-video
- ^ a b https://www.reuters.com/markets/deals/digital-insurance-market-policygenius-be-acquired-by-eldridges-zinnia-2023-04-25/
- ^ "How Much Has Policygenius Raised in Funding?". July 2021.
- ^ https://www.bloomberg.com/news/articles/2020-01-30/kkr-led-funding-round-gives-100-million-to-startup-policygenius
- ^ "InsurTech Firm Policygenius Raises $125M". 17 March 2022.
- ^ "PolicyGenius Stock Price, Funding, Valuation, Revenue & Financial Statements".
- in-depth (not just brief mentions about the subject or routine announcements)
- reliable
- secondary
- strictly independent of the subject
Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia.