Insuritas, an East Windsor CT-based firm that provides banks and credit unions with a complete insurance agency solution, has completed a $10m capital raise.
Investors were not disclosed.
The company intends to use the proceeds from the investment to expand its management and corporate sales teams, and operations and technology staffs. It plans to scale its solution into over 300 financial institutions over the next 36 months.
Led by Jeffrey Chesky, Founder and CEO, Insuritas provides an insurance agency outsourcing solution for financial institutions allowing them to own a complete insurance agency without investing the capital required to build or buy an agency, or the inherent operational risks.
Products include auto, home, business, life, medical, pet, warranty, AD&D, and credit life insurance.