Event: 2021 Phocuswright Conference
HQ: Richmond, VA U.S.
Principal(s): Charles Merritt, CEO; David Vogeleer, Head of Technology; James Paul, Head of Insurance
Funding: Angel funded, Alumnus of Techstars and Plug and Play accelerators.
Product Description: Buddy makes it simple to add insurance to your software application. One code snippet provides access to and transaction of any type of insurance.
Business Model: Buddy is a licensed insurance broker, and we collect a percentage of the premium that transacts through our gateway.
Competitors: Boost, Slice, Cover Genius, Qover
Competitive Edge: A single software gateway connecting to the insurance universe. Source, connect, transact, fulfill, & analyze offerings in under 20 lines of code. Add or swap products without writing new code.
Market Opportunity: The world of insurance is transforming, and Buddy helps you manage the incoming wave of new products to include in your platform. Buddy's insurance gateway standardizes insurance products and powers transactions, freeing you from product-limited integrations. Add or replace products without making changes to your code base. Save developers time, and focus on your core product—we'll handle the insurance-y stuff.
Early Customers: Rezo Systems, The Forge at Lamont Quarries, Connectiv Conferences