Wellfleet
Wellfleet is an insurance company that provides accident and health insurance.
- Company typePrivate
- Founded1993
- HeadquartersSpringfield, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Wellfleet does
Wellfleet is an insurance company with a vision to protect people against risk throughout every stage of life. It is a Berkshire Hathaway company, delivers customer-centric accident and health insurance with quality service and uncompromising ethics. It works to protect people against risk throughout every stage of life, from grade school to college to the workplace. Wellfleet offers products, services, and solutions under four distinct brand lines that cover members for life: CHP Student Health, Wellfleet Workplace, Wellfleet Special Risk, and Wellfleet Rx.
Wellfleet firmographics
Firmographics- Name
- Wellfleet
- Legal name
- Wellfleet Group, LLC.
- Website
- https://wellfleetinsurance.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Wellfleet is an insurance company that provides accident and health insurance.
- Ownership category
- akta.pro rank
Wellfleet industry classification
Industry- Product category
- Accident and Health Insurance
- NAICS
- Direct Health and Medical Insurance Carriers (524114), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Insurance and Employee Benefit Funds (5251)
- SIC
- Accident & Health Insurance (6321), Hospital & Medical Service Plans (6324), Services-Health Services (8000)
- akta.pro primary industry
- Student Health Insurance & Benefits Administration (EDALAFAL)
- akta.pro secondary industries
- Accident Medical Expense Insurance (Supplemental Accident) (FSAIALAE), Eligibility, Enrollment & Benefits Administration (HLAEALAH)
Keywords
Where Wellfleet is headquartered
LocationHeadquarters
- HQ city
- Springfield
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Wellfleet business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Insurance Premiums: Revenue generated from insurance premiums paid by members, colleges/universities, and employer groups for health, accident, and supplemental benefit coverage.
- Student Health Plans: Providing affordable, accessible health insurance plans for college students at colleges and universities across the U.S.
- Third-Party Administration (TPA) Services: Workplace Services division provides TPA services to insurers and market entrants, administering supplemental health, accident, and voluntary benefits.
- Special Risk / Participant Accident Insurance: One-time and recurring premiums for participant accident coverage including sports, camps, K-12 programs, volunteers, and special groups.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Participant Accident Insurance - Excess Medical $5,000 |
| Subscription | Multi-year contract | Participant Accident Insurance - Excess Medical $10,000 |
| Subscription | Multi-year contract | Participant Accident Insurance - Excess Medical $25,000 |
| Subscription | Annual | K-12 Basic Accident Coverage |
| Subscription | Annual | Catastrophic Accident Plans |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Wellfleet product offering
Product offeringCore offering
Wellfleet is an accident and health insurance carrier selling student health plans to colleges and universities, voluntary supplemental benefits (accident, critical illness, hospital indemnity, short-term disability) to employer groups through workplace benefits, and participant accident coverage for special risk groups including K-12 schools, amateur sports, camps, daycare, and volunteer organizations. It also administers pharmacy benefits through Wellfleet Rx and provides third-party administration services for insurers via its Lighthouse platform and EIS OneSuite.
Product overview
Wellfleet is an insurance company operating as a Berkshire Hathaway subsidiary, offering four distinct brand lines: Wellfleet Student (college health and pharmacy insurance), Wellfleet Workplace (voluntary benefits including accident, critical illness, disability), Wellfleet Special Risk (participant accident coverage for K-12, amateur sports, camps, and volunteers), and Wellfleet Rx (student-focused pharmacy). The company also provides Lighthouse, a cloud-based administration platform for Workplace, and Workplace Services (a TPA offering powered by EIS OneSuite). Products span from mandatory student accident insurance to specialized pickleball accident coverage, addressing life-stage risk protection from grade school through the workplace.
Differentiator
Problem solved
Functional benefit
Brands
- Lighthouse: Cloud-based integrated administration platform for the Workplace division, providing streamlined quoting, implementation, enrollment, billing, customer service, and claims handling.
Products and services
- Wellfleet Student Student health insurance plans for colleges and universities offering Student Health, Accident, ICS (Intercollegiate Sports), Stop Loss, and pharmacy benefits. Provides affordable, accessible health insurance for students at 200+ colleges and universities across the U.S.
- Wellfleet Workplace Voluntary supplemental benefits for employer groups including Critical Illness, Accident, Hospital Indemnity, and Short-Term Disability products to protect members from unexpected expenses. Delivered through the Lighthouse administration platform.
- Wellfleet Special Risk Non-traditional participant accident coverage for K-12 students, intercollegiate athletes, volunteers, event participants, camps, daycare, and special groups. Covers diverse participant scenarios with customizable plans.
- Wellfleet Rx Pharmacy benefit management solution designed exclusively for the college student population, offering student-focused features and a unique student formulary built specifically for the health needs of students.
- Lighthouse Platform Cloud-based, integrated administration platform for Wellfleet Workplace providing end-to-end digital experience including quoting, implementation, enrollment, billing, customer service, and claims handling with synchronized data flow.
- Workplace Services Third-party administration (TPA) business powered by EIS OneSuite. Offers white-labeled administration for supplemental health, accident, and voluntary benefits for insurers, health plans, and new market entrants.
- Mandatory Student Accident (MSA) Mandatory student accident insurance designed for campuses covering classrooms, residence halls, and off-campus travel. Offers ICS coverage, Primary coverage, up to 52 weeks benefit period, and 60-day treatment window.
- Wellfleet Insurance Company and Wellfleet New York Insurance Company Accident and health insurance carriers (rated A++ Superior by AM Best) issuing policies across the Student, Workplace, and Special Risk divisions. Wellfleet Insurance Company operates nationally while Wellfleet New York Insurance Company is New York-domiciled.
Quantifiable outcome
- Served 200+ colleges and universities
- +2 more outcomes
Companies that use Wellfleet
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles5 records
Wellfleet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
Wellfleet partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- EIScoreEIS provides cloud-native coretech platform (EIS OneSuite) powering Wellfleet's Workplace Services TPA offering. The partnership enables white-labeled administration for supplemental health, accident, and voluntary benefits, combining Wellfleet's operational expertise with EIS's enterprise-grade technology infrastructure.
Scale indicators5 records
Recent moves14 records
Expansion highlights5 records
Wellfleet competitors and assessment
Company assessmentDirect peers
- UnitedHealthcare Student Resources: UnitedHealthcare's student health division offering health insurance plans specifically designed for college students. Directly competes with Wellfleet Student in the same institutional RFP process, serving similar universities with comparable student health plan products.
- Aetna Student Health (CVS Health): CVS Health's student-focused health insurance arm and one of the leading student health plan administrators in the U.S. Directly competes with Wellfleet Student for university contracts and offers similar student-focused health plan designs.
- K&K Insurance Group: Specialty insurer focused on sports, leisure, and entertainment risks including participant accident coverage, K-12 student accident, camps, and amateur sports. Directly competes with Wellfleet Special Risk across the same niche accident insurance product categories.
- Markel Insurance: Specialty insurer with a strong accident & health and sports & recreation practice including participant accident, K-12 student accident, and amateur sports coverage. Directly comparable to Wellfleet Special Risk in product offering and target market.
- Unum Group: Major provider of voluntary workplace benefits including accident, critical illness, hospital indemnity, and disability insurance. Directly competes with Wellfleet Workplace across the same supplemental benefit product suite sold to employer groups.
- Voya Financial: Provider of voluntary workplace benefits including accident, critical illness, and disability products sold through employer groups and brokers. Overlaps directly with Wellfleet Workplace's voluntary benefits product suite and distribution model.
Broad incumbents
- Humana: Major national health insurer with significant supplemental benefits and voluntary workplace offerings. While broader in scope than Wellfleet, Humana competes for the same employer-group voluntary benefit budgets and benefits brokers.
- Cigna Group: Large diversified health services and insurance company offering group health, voluntary benefits, and supplemental accident products. A broad incumbent whose voluntary and supplemental accident offerings compete in similar employer channels as Wellfleet Workplace.
Regional players
- BCS Financial Corporation: Specialty insurance and financial services company with focus on accident & health, student health, and niche insurance programs. Comparable niche positioning to Wellfleet with overlapping product focus in student and specialty A&H markets.
Others
- HealthPlan Holdings: Third-party administration (TPA) provider offering benefits administration and care management services. Comparable to Wellfleet's Workplace Services TPA offering in business model and adjacent in capabilities and target customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Wellfleet social profiles
Digital presenceWellfleet compliance and trust
Trust signalCompliance7 records
Wellfleet financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wellfleet leadership team
Management profileNumber of profiles
Profiles12 records
Wellfleet subsidiaries and ownership
Company hierarchySubsidiaries3 records
Wellfleet funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wellfleet 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 Wellfleet
What does Wellfleet do?
Wellfleet is an accident and health insurance carrier selling student health plans to colleges and universities, voluntary supplemental benefits (accident, critical illness, hospital indemnity, short-term disability) to employer groups through workplace benefits, and participant accident coverage for special risk groups including K-12 schools, amateur sports, camps, daycare, and volunteer organizations. It also administers pharmacy benefits through Wellfleet Rx and provides third-party administration services for insurers via its Lighthouse platform and EIS OneSuite.
Is Wellfleet a public or private company?
Wellfleet is a private company. It is classified as corporate owned and is currently operating.
When was Wellfleet founded?
Wellfleet was founded in 1993. It employs 101 to 250 people.
Where is Wellfleet based?
Wellfleet is headquartered in Springfield, United States, in the North America region.
How does Wellfleet make money?
Four revenue lines are on record. Insurance Premiums are the primary driver. The others are student Health Plans, third-Party Administration (TPA) Services and special Risk / Participant Accident Insurance.
Who are Wellfleet's main competitors?
Direct peers on record are UnitedHealthcare Student Resources, Aetna Student Health (CVS Health), K&K Insurance Group, Markel Insurance, Unum Group and Voya Financial. Broad incumbents are Humana and Cigna Group. BCS Financial Corporation is listed as a regional player. HealthPlan Holdings is listed as an others.
Does Wellfleet have an API?
No public API is recorded for Wellfleet.
What industry is Wellfleet in?
Wellfleet's product category is Accident and Health Insurance. Its primary akta.pro industry code is EDALAFAL, Student Health Insurance & Benefits Administration, with a secondary code of FSAIALAE, Accident Medical Expense Insurance (Supplemental Accident). Its NAICS code is 524114 and its SIC code is 6321.