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The auto insurance sector is huge – like, $316 BILLION huge.

With such a large market, how does the value chain work? Let’s break it down by its Key Players:

1. The Retailer is the Independent Insurance Agent.

Think of them as the storefront – the ones showcasing various insurance options to customers.

2. The Wholesaler is typically a Managing General Agency (MGA).

They craft and distribute insurance products using data analytics to determine rates and handle the subsequent claims and policy servicing for their insurance partners.

3. The Insurance Carrier is the fiscal pillar in the business by providing financial muscle and access to markets via the insurance company paper.

Simply put, they’re the ones with the money and the paper.

4. The Reinsurer provides capacity and capital risk allocation.

They are the additional money alongside the insurance carriers and bear risk for the carriers.

𝗪𝗵𝗲𝗿𝗲 𝗱𝗼𝗲𝘀 VERVE 𝗳𝗶𝘁 𝗶𝗻?

VERVE is a Value-Added Wholesaler and is smack in the middle of it all.

At VERVE, we connect the dots between the retailer, the insurance carrier and the reinsurance partners using data to develop strategies that make sense for everyone.

Our scalable technology and distribution platform allows us to:

• Source and mine internal and external data sets from the auto insurance industry.
• Apply predictive analytics to that data.
• Use those analytics to find profitable niches within the $260 billion private passenger auto insurance market.
• Produce underwriting profits that outperform the industry.
• Provide outsized returns to our insurance and reinsurance partners.

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