Propeller Bonds

Propeller Bonds is an InsurTech startup founded in 2020 in the United States. The company's mission is to streamline the distribution and issuance of surety and fidelity bonds for insurance carriers and agents. With a focus on the $6B market for surety and fidelity bonds, Propeller operates as a managing general agent (MGA) and utilizes a proprietary surety platform to enable instant underwriting and issuance of bonds, creating efficiencies for all participants in the value chain. By providing agencies with a customizable surety platform, Propeller enables agents to leverage their existing client base, email lists, and website traffic to sell bonds, catering to both experienced surety professionals and agents without expertise in surety. The platform also addresses pain points for agents and brokers, allowing them to earn commission while streamlining the sales process. With a team boasting decades of experience in the insurance industry and technology, including software solutions for major insurance companies, Propeller Bonds is well-positioned to make a significant impact in the InsurTech space.