Insurance Business

Insurance Business Success Stories [2024]

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Updated: October 10th, 2024

Looking to provide peace of mind while building a steady income? Consider starting an insurance business.

An insurance business involves selling policies to individuals or businesses that protect them against financial loss. Your role would be to assess risks, provide coverage options, and guide clients through the claims process.

The insurance industry is diverse, covering everything from health to auto, allowing you to specialize in a niche that interests you. Beyond just selling policies, you'll be helping people secure their future, offering a service that is always in demand.

Setting up this business involves understanding regulations, earning licenses, and developing relationships with insurance carriers. If you're ready to combine diligence with compassion, starting an insurance business could be a fulfilling endeavor.

In this list, you'll find real-world insurance business success stories and very profitable examples of starting a insurance business that makes money.

1. Quandri ($324K/year)

Quandri, founded by brothers Jackson and Jamieson Fregeau, is a digital worker company focused on automating tasks for the insurance industry. Their most popular product compares policies upon renewal, providing brokers with a summary report of important changes. With a monthly revenue of $30k and a growing team of 9, Quandri is rapidly expanding its customer base across North America.

How much money it makes: $324K/year
How much did it cost to start: $10K
How many people on the team: 6

How We Built A $27K/Month Army Of Digital Workers For The Insurance Industry

Quandri, a digital worker company that automates time-consuming work for the North American insurance industry, has grown to an average of $30k monthly revenue since co-founder Jackson Fregeau took advantage of spare time during the pandemic to build initial bots; the company has since added several full-time employees, and is "rapidly" expanding its customer base.

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