Great Bay Insurance Group
Great Bay Insurance Group is a privately held, admitted New Jersey insurance carrier specializing in coastal homeowners and commercial property insurance for properties in Monmouth, Ocean, Atlantic, and Cape May counties along the Jersey Shore. It distributes through independent agents and direct online channels, running on the BriteCore cloud-native insurance platform.
- Company typePrivate
- Founded1954
- HeadquartersWest Atlantic City, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Great Bay Insurance Group does
Great Bay Insurance Group is a privately held, admitted property and casualty insurance carrier headquartered in West Atlantic City, New Jersey. The company specializes in coastal homeowners insurance for single-family and 2-4 unit multi-family residences along the Jersey Shore from Sandy Hook to Cape May, covering Monmouth, Ocean, Atlantic, and Cape May counties. Its underwriting approach evaluates hurricane and nor'easter risk at the individual property level rather than pooling coastal homes with non-coastal risks, and policies are customizable through optional Coverages B through F and Wind and Hurricane deductible options. The group also writes a smaller commercial lines book covering hotel-motel, condominium associations, retail, office, restaurant, and lessors risk properties in the same four-county geography.
The company is run by third- and fourth-generation coastal New Jersey residents with approximately 100 years of combined coastal insurance experience across the leadership team. Operations run on the BriteCore cloud-native, AI-embedded core insurance platform, which supports policy management, claims processing, billing, document generation, rate updates, and reporting. Great Bay Insurance Company is the admitted carrier, with Great Bay Underwriting Services operating as a wholly owned underwriting affiliate. The carrier holds a Demotech Financial Stability Rating of 'A, Exceptional.'
The business model is subscription-recurring premium revenue from homeowners and commercial policies, priced on individualized risk evaluation rather than published rate cards. Distribution combines an appointed independent insurance agent network with direct-to-consumer online quote requests, and policyholders are positioned as members of the Great Bay Coastal Homeowners Community. The geographic footprint is intentionally narrow (a single U.S. state, four counties), with no disclosed expansion beyond coastal New Jersey.
Great Bay Insurance Group firmographics
Firmographics- Name
- Great Bay Insurance Group
- Legal name
- Great Bay Insurance Company
- Website
- https://greatbayinsurancegroup.com
- Company type
- Private
- Founded year
- 1954
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Great Bay Insurance Group is a privately held, admitted New Jersey insurance carrier specializing in coastal homeowners and commercial property insurance for properties in Monmouth, Ocean, Atlantic, and Cape May counties along the Jersey Shore. It distributes through independent agents and direct online channels, running on the BriteCore cloud-native insurance platform.
- Ownership category
- akta.pro rank
Great Bay Insurance Group industry classification
Industry- Product category
- Coastal Property Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Homeowners Insurance (FSAJACAA)
- akta.pro secondary industry
- Condominium (HO-6) Insurance (FSAJACAC)
Keywords
Where Great Bay Insurance Group is headquartered
LocationHeadquarters
- HQ city
- West Atlantic City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Great Bay Insurance Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Homeowners Insurance Premiums: Great Bay Insurance Company collects insurance premiums from homeowners policies for single and multi-family coastal residences in New Jersey. Policies include various optional coverages that customers can add for additional premium revenue.
- Commercial Insurance Premiums: The company generates revenue from commercial insurance policies covering hotel-motels, condominium associations, retail, office, restaurants, and lessors risk properties in Monmouth, Ocean, Atlantic & Cape May County locations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Quote-based pricing with customizable coverage options |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Great Bay Insurance Group product offering
Product offeringCore offering
Great Bay Insurance Group is an admitted property and casualty insurer that underwrites and distributes coastal homeowners insurance and commercial property insurance in New Jersey. Policies cover single-family and 2-4 unit multi-family coastal residences along the Jersey Shore from Sandy Hook to Cape May, as well as commercial risks including hotel-motels, condominium associations, retail, office, restaurants, and lessors risk properties in Monmouth, Ocean, Atlantic, and Cape May counties. Coverage is sold through appointed independent agents and direct online channels, with each property's hurricane risk evaluated individually rather than pooled with non-coastal homes.
Product overview
Great Bay Insurance Group operates as a single insurance company offering homeowners and commercial insurance products. The core offering is the Coastal Homeowners Insurance product for single-family and 2-4 unit multi-family homes along the New Jersey coast, complemented by Commercial Lines Insurance covering Hotel-Motel, Condominium Associations, Retail, Office, Restaurants, and Lessors Risk properties. Policyholders can customize their coverage through various optional add-ons including Coverage B (Other Structures), Coverage C (Contents), Coverage D (Loss of Use), Coverage E (Liability), Coverage F (Medical Payments), as well as Wind and Hurricane Deductible options.
Differentiator
Problem solved
Functional benefit
Products and services
- Coastal Homeowners Insurance Homeowners insurance policy for single-family homes and 2-4 unit multi-family homes in hurricane and nor'easter-prone coastal New Jersey. Coverage spans Monmouth, Ocean, Atlantic, and Cape May counties (Jersey Shore from Sandy Hook to Cape May). Each property's hurricane risk is evaluated individually rather than pooled with non-coastal homes. Policyholders can customize coverages and select optional deductibles.
- Commercial Lines Insurance Commercial property and liability insurance for coastal New Jersey businesses, covering hotel-motels, condominium associations, retail establishments, office buildings, restaurants, and lessors risk properties located in Monmouth, Ocean, Atlantic, and Cape May counties.
Companies that use Great Bay Insurance Group
Customer profileSegments2 records
Ideal customer profiles2 records
Great Bay Insurance Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Great Bay Insurance Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- BriteCorecoreGreat Bay Insurance Group uses the BriteCore cloud-native AI-embedded core insurance platform for their operations. BriteCore provides the technological infrastructure for policy management, claims processing, billing, and document generation. The platform is described as a cloud-native AI-embedded core insurance platform for P&C insurers.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Great Bay Insurance Group competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Customer concentration
Great Bay Insurance Group social profiles
Digital presenceGreat Bay Insurance Group compliance and trust
Trust signalCompliance1 record
Great Bay Insurance Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Great Bay Insurance Group leadership team
Management profileNumber of profiles
Profiles4 records
Great Bay Insurance Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
Great Bay Insurance Group funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Great Bay Insurance Group 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 Great Bay Insurance Group
What does Great Bay Insurance Group do?
Great Bay Insurance Group is an admitted property and casualty insurer that underwrites and distributes coastal homeowners insurance and commercial property insurance in New Jersey. Policies cover single-family and 2-4 unit multi-family coastal residences along the Jersey Shore from Sandy Hook to Cape May, as well as commercial risks including hotel-motels, condominium associations, retail, office, restaurants, and lessors risk properties in Monmouth, Ocean, Atlantic, and Cape May counties. Coverage is sold through appointed independent agents and direct online channels, with each property's hurricane risk evaluated individually rather than pooled with non-coastal homes.
Is Great Bay Insurance Group a public or private company?
Great Bay Insurance Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Great Bay Insurance Group founded?
Great Bay Insurance Group was founded in 1954. It employs 11 to 50 people.
Where is Great Bay Insurance Group based?
Great Bay Insurance Group is headquartered in West Atlantic City, United States, in the North America region.
How does Great Bay Insurance Group make money?
Two revenue lines are on record. Homeowners Insurance Premiums are the primary driver. The others are commercial Insurance Premiums.
Does Great Bay Insurance Group have an API?
No public API is recorded for Great Bay Insurance Group.
What industry is Great Bay Insurance Group in?
Great Bay Insurance Group's product category is Coastal Property Insurance. Its primary akta.pro industry code is FSAJACAA, Homeowners Insurance, with a secondary code of FSAJACAC, Condominium (HO-6) Insurance. Its NAICS code is 524126 and its SIC code is 6331.