QuoteWell

What QuoteWell does

QuoteWell is a tech-enabled wholesale insurance brokerage that intermediates between retail insurance agents and excess & surplus (E&S) carriers, placing hard-to-place and non-admitted risks across ten vertical markets including construction, energy, healthcare, cannabis, real estate, and small business. The company is organized as QuoteWell Insurance Services, LLC, domiciled in Texas and licensed as an insurance producer and surplus lines broker in 40+ U.S. states, with its headquarters in Austin. QuoteWell monetizes through commission-based revenue on placed policies, augmented by its proprietary AI tooling that improves wholesale broker productivity.

The company's technology stack is anchored by two proprietary AI products: Alby, an AI associate embedded in producer workflows that claims to reclaim 35+ hours per producer per week across app submissions, quote delivery, and data extraction, and The Terminal, an email-native agentic AI platform that interprets inbound submissions, structures unstructured data, and coordinates multi-agent workflows. Underlying these are no-code custom playbook capabilities, knowledge retrieval against QuoteWell's appetite data, and access to 60+ integrated carrier markets. The platform supports a multi-funnel engagement model — agents can submit through QuoteWell's proprietary portal, email, or phone — with the company reporting quote turnaround compressed from a typical 5 days to 2–3 hours in customer deployments, and 115x playbook adoption growth on The Terminal over a six-month window.

QuoteWell's go-to-market combines direct platform onboarding for retail agents with a producer recruitment flywheel, supported by a partnership with the Independent Insurance Agents of Texas and affiliations with WSIA and Big I. The company raised approximately $32 million across two disclosed rounds led by NEA (Series A in October 2023 of over $15 million, and an additional $12 million in October 2025), and is led by founder/CEO Joey Bouchard alongside Chief Business Operator Tom Brighton and VPs across casualty and underwriting. Reported productivity outcomes — a 40% increase among brokers and quote turnaround reductions of 2–3 hours versus multi-day benchmarks — position the platform as a workflow-displacement play within a traditionally manual wholesale channel.

Name

QuoteWell

Legal name

QuoteWell Insurance Services, LLC

Website

https://quotewell.xyz

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

QuoteWell is a tech-enabled wholesale insurance brokerage based in Austin, Texas, that places E&S and non-admitted commercial risks for retail agents across 40+ states using proprietary AI tooling (Alby and The Terminal) and a network of 60+ carrier markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Wholesale Insurance Brokerage Commissions: QuoteWell operates as a wholesale insurance broker earning commissions on placed policies. As an intermediary between retail agents and E&S carriers, the company earns a percentage of insurance premiums placed through its platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

QuoteWell is a tech-enabled wholesale insurance brokerage that places excess and surplus (E&S) lines commercial coverage on behalf of retail insurance agents and brokers, accessing 60+ non-admitted carrier markets. Its product portfolio spans Builder's Risk, Casualty, Environmental, Property, and Small Business insurance, and is differentiated by proprietary AI workflow tools (Alby and The Terminal) that automate submission intake, data extraction, and quote delivery alongside licensed human underwriters and producers.

Product overview

QuoteWell is a tech-enabled wholesale insurance brokerage platform offering a unified suite of insurance products and AI-powered workflow tools. The core product portfolio includes five insurance products (Builder's Risk, Casualty, Environmental, Property, and Small Business) complemented by proprietary AI technology platforms. Alby serves as an AI associate for producers, while The Terminal provides agentic AI workflow automation for retail agencies. The company's Human+ approach blends human expertise with AI-powered technology to streamline wholesale insurance placement.

Differentiator

Problem solved

Functional benefit

Brands

• Alby: AI assistant for wholesale insurance brokers that helps organize data, simplify quoting, and manage workflows. Provides approximately 35+ hours per week in time savings per producer through app submissions, quote delivery, and data extraction.
• The Terminal

Products and services

• Builder's Risk Insurance

Quantifiable outcome

• 40% productivity increase reported by producers using QuoteWell's platform
• +3 more outcomes

Named customers6 records

Segments8 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature7 records

Partnerships

One partnership is on record.

• Independent Insurance Agents of TexasminorChannel Partner/ Reseller/ Distributor · 21 May 2024Partnership announced May 2024 between insurtech wholesale broker QuoteWell and Independent Insurance Agents of Texas (IIAT) to support member agents with access to E&S markets and technology.

Scale indicators7 records

Direct peers

• Amwins: Amwins is the largest U.S. wholesale insurance brokerage, specializing in E&S and specialty lines placement. It is the most directly comparable incumbent to QuoteWell, with similar wholesale-to-retail agent intermediation and exposure to property/casualty specialty risks.
• RPS (Risk Placement Services): RPS is a leading wholesale insurance broker and part of Ryan Specialty, focused on E&S lines placement across construction, casualty, property, and other specialty verticals. Directly competes with QuoteWell for retail agent relationships and carrier appointments in the same hard-to-place risk segments.
• CRC Group: CRC Group is a wholesale insurance brokerage serving retail agents with specialty and E&S placements across numerous verticals. Operates under the same wholesale-broker model as QuoteWell, intermediating between retail agents and specialty carriers.
• Burns & Wilcox: Burns & Wilcox is a national wholesale insurance brokerage specializing in excess & surplus lines placement across commercial specialty verticals. Directly comparable to QuoteWell in target customer (retail agents), product mix (E&S placement), and revenue model (commissions).

Broad incumbents

• Ryan Specialty: Ryan Specialty is a large specialty insurance brokerage holding company parent of RPS and several other wholesale brokerages. Competes broadly with QuoteWell across the wholesale E&S value chain with far greater capital scale and carrier relationships, but spans far more verticals than QuoteWell.
• Hiscox Insurance: Hiscox is a specialty insurer and broker with strong E&S and small commercial capabilities, including delegated authority programs. Comparable to QuoteWell in serving hard-to-place risks through specialty underwriting, though Hiscox also underwrites directly rather than purely intermediating.

Emerging players

• Newfront Insurance: Newfront is a tech-enabled commercial insurance brokerage focused on transforming traditional broker workflows with proprietary technology. Comparable to QuoteWell in its emphasis on technology-driven distribution, though Newfront operates more on the retail brokerage side rather than wholesale E&S.
• CoverWallet: CoverWallet is a digital commercial insurance platform acquired by Aon, focused on streamlining small business insurance through technology. Compares to QuoteWell in applying technology to commercial insurance distribution, though CoverWallet targets end-buyer SMBs rather than retail agents.
• Coterie Insurance: Coterie is an insurtech focused on small commercial insurance with API-driven distribution and embedded insurance partnerships. Comparable to QuoteWell as a tech-enabled player improving speed and accessibility in commercial insurance, though Coterie's focus is on SMB direct distribution rather than wholesale E&S brokerage.
• At-Bay: At-Bay is a tech-enabled specialty insurance company combining cyber underwriting with proprietary security monitoring technology. Comparable to QuoteWell in the broader insurtech category of technology-driven specialty insurance, though focused on cyber rather than the broader E&S verticals QuoteWell serves.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/quotewell

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds2 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about QuoteWell