WALNUT CREEK, Calif.,
March 23, 2021 /PRNewswire/
-- Heffernan Insurance Brokers, one of the largest
full-service, independent insurance brokerage firms in the United States, today announced
participating in a $3 million early
investment round for GloveBox, an innovator in the mobile insurtech
marketplace. Additional participants in the round include Mercato
Partner's Prelude Fund and other insurance industry partners. The
investment will enhance and expand the platform for both agencies
and policyholders.
Co-founders Ryan and Andy
Mathisen, Sean Mulhern, and
Alex Rolex created GloveBox based on
their experiences at Colorado Insurance. They set out to provide a
completely tech-forward mobile marketplace that enables independent
agencies to win against larger, incumbent carriers.
"As former insurance executives, we know the issues facing
smaller, independent carriers, including the lack of technology at
their disposal," said Ryan Mathisen,
co-founder and CEO of GloveBox. "With this funding, we will
dramatically expand and accelerate our platform development
reaching more agency partners faster and more efficiently. GloveBox
is changing the way that policyholders interface with the
independent channel and this is only the beginning for us."
GloveBox's technology increases customer satisfaction, reduces
service inquiries, and decreases service costs. As a result,
agencies run more efficiently and profitably, consumers enjoy
better service and lower prices. Since its launch in March 2020, GloveBox has signed up over 100
agencies and is averaging five new entities a week.
For more information on GloveBox, visit gloveboxapp.com.
About Heffernan Insurance Brokers
Heffernan Insurance
Brokers, formed in 1988, is one of the largest independent
insurance brokerage firms in the United
States. Heffernan provides insurance and financial services
products to a range of businesses and individuals. Headquartered in
Walnut Creek, Calif., Heffernan
has offices in San Francisco,
Petaluma, Menlo Park, Truckee, Bakersfield, Woodland Hills, Los
Angeles and Irvine, CA;
Phoenix, AZ; Portland, OR; Seattle and Olympia,
WA; St. Louis, MO;
Philadelphia, PA; and London UK.
Employee-owned, Heffernan Insurance Brokers was named the Top
Mid-Sized Broker in the United
States to work for in 2009 by Business Insurance Magazine.
The firm has been among the Top Greater Bay Area Philanthropists
since 2003.
For more information, visit www.heffins.com. License
#0564249
About GloveBox
Founded in 2019 and launched in 2020,
Denver-based insurtech GloveBox
has quickly established itself as a major innovator within the
P&C insurance sector by simplifying the customer experience
while significantly reducing service costs for independent
insurance agents and carriers. Dedicated to removing the
frustrations out of the insurance process, GloveBox enables
customers to access all policy documents directly from their
insurance carrier, pay a bill and initiate a claim through its
easy-to-use mobile and web application. As the platform evolves,
GloveBox will become the premier customer-interfacing solution for
independent agents to leverage with all of their policyholders, at
any stage in the insurance lifecycle.
For more information on GloveBox, visit gloveboxapp.com.
View original
content:http://www.prnewswire.com/news-releases/heffernan-insurance-brokers-participates-in-glovebox-3-million-early-stage-investment-301254259.html
SOURCE Heffernan Insurance Brokers