PerfectQuote
PerfectQuote is a cloud-based group benefits quoting platform that uses proprietary OCR technology to extract carrier proposal data, serving US insurance brokers, general agencies, and carriers with integrated RFP and analytics workflows.
- Company typePrivate
- Founded2017
- HeadquartersAustin, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What PerfectQuote does
PerfectQuote is an Austin, Texas-based software company founded in 2017 by former brokers Justin Sylvester and Aaron Snyder that operates a cloud-based group benefits quoting platform for the US insurance distribution channel. The platform is used by insurance brokers, general agencies, and insurance carriers to procure, compare, and present medical, dental, vision, life, disability, and supplemental health proposals without manual data entry. Its core technology is a proprietary OCR engine branded as the Proposal Reader, which extracts structured plan details and rates from 400+ carrier proposal formats and Summary of Benefits documents, complemented by a quote-normalization engine, an email-based RFP workflow, and an industry-first real-time underwritten level-funded quoting module delivered through a partnership with Angle Health.
The product surface spans ACA small-group medical quoting in all 50 states, alt-funded and large-group plans, supplemental health lines, and customizable spreadsheet presentations, and it integrates two-way with Vertafore's BenefitPoint agency management system and Employee Navigator for benefits administration to push enrollment-ready plan and rate data downstream. PerfectQuote monetizes via per-seat SaaS subscriptions on tiered plans (ACA at $141/user/month, ACA+ at $217/user/month, Flagship at $272/user/month, Enterprise custom) sold primarily through a direct enterprise sales motion targeting Top 50 and large regional brokerages, typically on two-year contracts with annual upfront billing. Distribution is augmented by a network of carrier partnerships (Guardian, OneAmerica, Dominion National, Texicare, United Vision Plans, Sana Benefits, Beam Benefits, Angle Health) that use the platform as a digital channel into the broker ecosystem.
The company is privately held, bootstrapped with only ~$1.93M of disclosed funding across a 2017 pre-seed and a 2019 seed round, and operates with 11-50 employees. It is SOC 2 Type 2 certified, GDPR-aligned via Standard Contractual Clauses, and CCPA-aligned. Named customers include HUB International Gulf South, OneDigital, World Insurance Associates, and R&R Insurance, with the company claiming 14 of the top 20 largest US-based firms and over 125,000 employer groups flow through the platform.
PerfectQuote firmographics
Firmographics- Name
- PerfectQuote
- Legal name
- PerfectQuote, Inc.
- Website
- https://perfectquote.io
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PerfectQuote is a cloud-based group benefits quoting platform that uses proprietary OCR technology to extract carrier proposal data, serving US insurance brokers, general agencies, and carriers with integrated RFP and analytics workflows.
- Ownership category
- akta.pro rank
PerfectQuote industry classification
Industry- Product category
- Insurance Technology (Group Benefits Quoting Software)
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Custom Computer Programming Services (541511)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Eligibility & Benefits Verification (HLACACAD)
Keywords
Where PerfectQuote is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
PerfectQuote business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS Subscription (User Licenses): Subscription-based pricing with per-user licensing model. Customers pay annual subscription fees based on selected tier (ACA, ACA+, Flagship, Enterprise). Contracts typically require two-year commitments with billing upfront for cost-effectiveness. Pricing starts at $141/user/month for ACA tier.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Per seat | Annual | ACA - Small group / ACA in all 50 states |
| Per seat | Annual | ACA+ - ACA with ancillary products |
| Per seat | Annual | Flagship - Most Popular tier |
| Subscription | Multi-year contract | Enterprise - Custom pricing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
PerfectQuote product offering
Product offeringCore offering
PerfectQuote provides a cloud-based group benefits quoting platform that enables insurance brokers and general agencies to procure, analyze, compare, and present group health insurance proposals from any carrier. The platform uses proprietary OCR technology (Proposal Reader) to extract plan details and rates from carrier proposals across 400+ formats, automates RFP workflows, and integrates with agency management and benefits administration systems to eliminate manual data entry throughout the quoting and renewal cycle.
Product overview
PerfectQuote is a unified cloud-based group benefits quoting platform that combines RFP Workflows, a Proposal Reader (OCR technology for 400+ carrier formats), ACA/Alt-funded medical quoting, and supplemental health benefits into a single integrated system. The platform serves brokers and carriers across all 50 states with tiered subscription tiers (ACA, ACA+, Flagship, Enterprise) and integrates with Agency Management Systems (BenefitPoint) and Benefits Administration platforms (Employee Navigator) to eliminate manual data entry from census upload through client-ready proposals.
Differentiator
Problem solved
Functional benefit
Products and services
- PerfectQuote Group Benefits Quoting Platform Cloud-based SaaS platform that helps insurance brokers and general agencies quote, compare, and present group health insurance proposals across all carriers, group sizes, and product lines (medical, dental, vision, life, disability, supplemental health). Available in all 50 states with ACA, alt-funded, and large group capabilities.
- Enhanced RFP Solution Standalone updated RFP module within the PerfectQuote platform that modernizes broker-carrier communication, enabling email-based RFP delivery and automated response organization for underwritten employee benefits quoting.
Quantifiable outcome
- Reduce renewal processing time by 50-75%
- +7 more outcomes
Companies that use PerfectQuote
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
PerfectQuote technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability3 records
Feature5 records
PerfectQuote partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core.
- Sana BenefitscorePartnership to market Sana Level-Funded Medical Plans through PerfectQuote's Benefits Quoting Platform. Enables access to Sana's group level-funded medical plans through PerfectQuote's digital RFP platform. Collaboration aims to improve broker engagement, accelerate proposal delivery, and expand access to healthcare options for small and midsize businesses across the United States. Both Austin, Texas-based companies founded in 2017. Sana writes business in 15 states with plans for further expansion in 2026.
- United Vision Plans (UVP)corePartnership to integrate UVP's group vision products into PerfectQuote's Request-for-Proposal toolset. Vision benefits provider owned by Optimax Eyewear. Partnership enables UVP to reach insurance firms, general agencies, professional employer organizations, and the 125,000 employer groups serviced through PerfectQuote's platform. UVP leverages PerfectQuote's digital distribution infrastructure to deliver quotes and manage benefits seamlessly.
- OneAmerica FinancialcoreAgreement to enhance digital benefits quoting and distribution for brokers through PerfectQuote's RFP toolset. Provides access to OneAmerica Financial suite of group life insurance, disability insurance and voluntary benefits products. Enables insurance firms, general agencies, and PEOs to engage with OneAmerica through the platform serving 125,000 employers. Carriers benefit from daily lead-generation insights, quote volumes, close ratios and regional trends analytics.
- Guardian Life Insurance Company of AmericacorePartnership to integrate Guardian's portfolio of group life, disability, dental, and vision products into PerfectQuote's RFP toolset. Integration allows brokers to manage quotes, compare options, and present proposals in a unified digital experience. Guardian gains access to analytics including quote volume tracking, regional trends, and close ratios through the partnership.
- TexicarecorePartnership to provide brokers direct access to Texicare's group medical products through PerfectQuote's RFP toolset. Texicare is the health affiliate of Texas Mutual. Partnership enables Texicare to reach more than 11,000 Texas-based employers. Platform reduces quoting turnaround times by up to 95% through automation. Both Austin-based companies.
- Dominion NationalcorePartnership to enable access to Dominion National's dental and vision insurance products through PerfectQuote's digital platform. Partnership aims to streamline quote delivery, increase market exposure, and boost sales efficiency for Dominion. Provides enhanced analytics for carriers and streamlined workflows for brokers. Dominion serves over 800,000 members.
- Angle HealthcorePartnership to provide PerfectQuote customers with direct, firm underwritten Angle Health proposals for level funded health plans. Industry's first real-time underwritten rates delivered in under 2 minutes. Allows brokers to quote sophisticated level funded options alongside ACA products. Angle Health is an AI-native integrated healthcare company offering custom health plans. Founded by healthcare and technology veterans, venture-backed.
- BenefitPointcoreTwo-way integration between PerfectQuote and BenefitPoint creates seamless exchange of information. Enables agencies to update each solution with critical information in near real-time, reduce time for client-ready sales presentations, eliminate data entry errors. BenefitPoint is a Vertafore agency management system designed for benefits agencies and brokers.
- Beam BenefitscoreStrategic partnership making Beam the first ancillary benefits company on PerfectQuote's platform to offer instant quoting. Enables brokers to shop rates and compare Beam dental, vision, and employer-paid life plans instantly, review underwritten and bindable policies, eliminate data entry errors. Beam is a digitally-native employee benefits company offering dental, vision, life, disability, and supplemental health coverage. Raised over $160 million in funding, available in 44 states.
- Employee NavigatorcoreIntegration making PerfectQuote integration with Employee Navigator commercially available after 6-month beta trial. Employee Navigator is one of the largest benefit administration platforms supporting benefits enrollment with over 2,500 brokers as customers. Integration enables brokers to seamlessly push benefit plans and rates into Employee Navigator, eliminating need to manually build benefit plans. Saves agencies hours per group on benefit administration tasks.
- VertaforecoreOfficial partnership making PerfectQuote part of Vertafore's Orange Partner Program. Enables agencies to integrate PerfectQuote with Vertafore products including BenefitPoint agency management system. The two-way integration creates seamless exchange of information, reducing data entry and saving firms thousands annually. Vertafore serves the independent insurance agent market.
Scale indicators13 records
Recent moves6 records
Expansion highlights5 records
PerfectQuote competitors and assessment
Company assessmentDirect peers
- Zywave: Zywave is a broker enablement platform offering content, analytics, and quoting/comparison tools for insurance agencies. It competes most directly with PerfectQuote in broker-facing quoting workflows and benefits content, serving a similar mid-market and enterprise broker ICP.
- NowCerts: NowCerts provides comparative rating and agency management software for insurance agents, with quoting and proposal comparison capabilities. It overlaps with PerfectQuote's CPQ and proposal normalization functionality, particularly in personal and small commercial lines with growing benefits presence.
- EZLynx: EZLynx (owned by Applied Systems) is a rater and agency management platform widely used by insurance agents for quoting and comparison. It is comparable to PerfectQuote as a quoting automation layer for insurance producers, though historically stronger in personal lines.
Broad incumbents
- Vertafore (BenefitPoint): Vertafore is the dominant agency management system vendor for insurance brokers, with BenefitPoint specifically serving benefits agencies. PerfectQuote integrates with BenefitPoint today, but Vertafore could natively expand into quoting/comparison, making it both a partner and the most important incumbent threat.
- Employee Navigator: Employee Navigator is one of the largest benefits administration and HR platforms for brokers, with 2,500+ broker customers. It integrates with PerfectQuote for quote-to-enrollment, but has the scale and broker relationships to add native quoting features and compete more directly over time.
- Applied Systems: Applied Systems is the largest agency management system vendor (Applied Epic, EZLynx) in the US insurance market. As a broad incumbent, it offers overlapping capabilities around agency workflow and rating, and could expand deeper into benefits quoting.
- Salesforce Insurance Cloud: Salesforce's Financial Services / Insurance Cloud is a broad incumbent platform targeting insurers and intermediaries with CRM, distribution, and workflow capabilities. While not a niche broker tool, it competes for the same enterprise IT budget that funds CPQ and broker workflow projects.
- Duck Creek Technologies: Duck Creek provides core insurance software (policy, billing, claims) for carriers. It is comparable as an insurance technology incumbent whose carrier customers increasingly demand modern broker-facing distribution and quoting tools, putting it adjacent to PerfectQuote's RFP/distribution layer.
- Sapiens International: Sapiens is a global insurance software vendor offering core systems, distribution, and analytics for insurers. As an incumbent, it competes for the same carrier IT spend that funds broker-distribution and quoting modernization initiatives adjacent to PerfectQuote's RFP platform.
Emerging players
- Better Agency: Better Agency is an insurance CRM and agency management platform with built-in quoting, marketing, and automation tools. It targets small-to-mid insurance agencies with a similar product-led approach to workflow automation, partially overlapping PerfectQuote's ICP.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PerfectQuote social profiles
Digital presencePerfectQuote compliance and trust
Trust signalCompliance4 records
PerfectQuote financial estimates
Financial estimateRevenue estimate
Valuation estimate
PerfectQuote leadership team
Management profileNumber of profiles
Profiles10 records
PerfectQuote funding detail
Funding detailFunding overview
Funding rounds2 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PerfectQuote M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PerfectQuote
What does PerfectQuote do?
PerfectQuote provides a cloud-based group benefits quoting platform that enables insurance brokers and general agencies to procure, analyze, compare, and present group health insurance proposals from any carrier. The platform uses proprietary OCR technology (Proposal Reader) to extract plan details and rates from carrier proposals across 400+ formats, automates RFP workflows, and integrates with agency management and benefits administration systems to eliminate manual data entry throughout the quoting and renewal cycle.
Is PerfectQuote a public or private company?
PerfectQuote is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PerfectQuote founded?
PerfectQuote was founded in 2017. It employs 11 to 50 people.
Where is PerfectQuote based?
PerfectQuote is headquartered in Austin, United States, in the North America region.
How does PerfectQuote make money?
One revenue line is on record: saaS Subscription (User Licenses).
Who are PerfectQuote's main competitors?
Direct peers on record are Zywave, NowCerts and EZLynx. Broad incumbents are Vertafore (BenefitPoint), Employee Navigator, Applied Systems, Salesforce Insurance Cloud, Duck Creek Technologies and Sapiens International. Better Agency is listed as an emerging player.
Does PerfectQuote have an API?
Yes. PerfectQuote offers API integration capabilities for flexible connections, enabling carriers to connect via email, API, or CRM. The Employee Navigator integration operates via API integration, allowing brokers to push benefit plans and rates from PerfectQuote into Employee Navigator, including medical, dental, vision, basic life, voluntary life, STD and LTD lines of coverage, policy information, and rates.
What industry is PerfectQuote in?
PerfectQuote's product category is Insurance Technology (Group Benefits Quoting Software). Its primary akta.pro industry code is HLACACAD, Eligibility & Benefits Verification. Its NAICS code is 51821 and its SIC code is 7372.