Digital company Pie Insurance has begun selling its lower-priced small business workers’ compensation insurance policies online in Louisiana, as well as Colorado and Texas. The insurtech now sells in seven states. Pie, using its Pie Price Predictor online tool powered by Valen Analytics, markets itself by its claim that up to 80 percent of small businesses overpay for workers’ comp. Media reports indicate that Pie’s “sweet spot” is businesses with premiums under $25,000, with many insureds in the $5,000 range.
Read more from Insurance Journal here.
Interested in insurtechs? Comp Blog’s new tech symposium Spotlight on Solutions on June 15th in New Orleans will have a session about trends in the sector. Full info and registration here.