Propeller Bonds

We help insurance carriers and agents distribute and issue surety and fidelity bonds more efficiently.

General Information
Company Name
Propeller Bonds
Founded Year
2020
Location (Offices)
Philadelphia, United States +4
Founders / Decision Makers
Number of Employees
30
Industries
Insurance, Insurtech, Car insurance
Funding Stage
Seed
Social Media

Propeller Bonds - Company Profile

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.

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