Aspera Insurance Services

What Aspera Insurance Services does

Aspera Insurance Services, Inc. is a Richmond, Virginia-based underwriting manager and wholesale broker specializing in Personal Lines excess and surplus (E&S) insurance for hard-to-place accounts along the U.S. Atlantic and Gulf Coasts. Founded in 2013, the company operates two core product lines: coastal manufactured housing insurance (Preferred all-perils and Select named-perils policy types) and the HOMES (Homeowners E&S) product for site-built single-family homes in high-risk areas including coastal, wildfire-exposed, and PC 10-rated zones. Policies are written through a single non-admitted carrier rated A (Excellent) by A.M. Best — Kinsale Insurance Company, its sister company co-located in Richmond, VA — with limits up to $1M available on HOMES.

The company's distribution model is exclusively indirect: Aspera appoints independent insurance agents and brokers (licensed in all 50 states) who submit business through an internet-based online quoting portal that delivers instant quotes and 24-hour policy issuance. Agents earn 12.5% commission on new accounts and 10% on renewals. The company compensates through commission income from its carrier partner and offers premium financing via Imperial Premium Finance (IPFS) and a direct-to-client billing system (AsperaPay). In July 2024, Aspera exited its commercial lines brokerage business to focus all resources on personal lines E&S, and through 2025-2026 has rapidly expanded the HOMES product across California, Colorado, Louisiana, Texas, North Carolina, Florida, Alabama, Georgia, Mississippi, Delaware, South Carolina, and Virginia. Headcount is reported at 1-10 employees, indicating a lean specialty MGA structure reliant on automated rating and appointed-agent distribution.

Name

Aspera Insurance Services

Legal name

Aspera Insurance Services, Inc.

Website

https://asperains.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Aspera Insurance Services is a Richmond, VA-based underwriting manager and wholesale broker providing Personal Lines E&S insurance for coastal manufactured housing and hard-to-insure homeowners, distributed through appointed independent agents via an online quoting portal.

Ownership category

akta.pro rank

Product category

Specialty Personal Lines Insurance (Excess & Surplus)

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAEADAD

Wholesale Insurance Brokerage (Excess & Surplus Lines)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

SECONDARYFSAEADAA

Retail (Personal Lines) Insurance Brokerage

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

Keywords

• Excess surplus insurance
• Manufactured home insurance
• Homeowners insurance underwriting
• Coastal property insurance
• Wholesale insurance brokerage

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commission Income: Aspera is compensated primarily in the form of commissions paid by insurers. Agents earn 12.5% commission on new accounts and 10% on renewals.
2. Client Fees: Fees paid by clients as an alternative or supplement to commission-based compensation.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Aspera Insurance Services operates as an underwriting manager and wholesale broker for Personal Lines Excess & Surplus (E&S) insurance, specializing in hard-to-place manufactured homes along the Atlantic and Gulf Coasts and hard-to-insure homeowners in high-risk areas. Policies are issued through a non-admitted domestic E&S carrier rated A (Excellent) by A.M. Best, with appointed independent agents submitting business through an internet-based online quoting portal that delivers instant quotes and 24-hour policy issuance.

Product overview

Aspera Insurance Services operates as an underwriting manager specializing in Personal Lines insurance products for hard-to-place accounts along the Atlantic and Gulf coasts. The core product portfolio consists of Manufactured Housing Insurance (covering factory-built homes via Preferred or Select policies) and HOMES (Homeowners E&S) for single-family site-built homes. Three policy types are offered: Preferred (all-perils with replacement cost value), Select (named perils with actual cash value for older homes), and Wind & Hail Only. Short-term rental coverage and AsperaPay billing are supplementary offerings. All policies are written through a non-admitted carrier rated A (Excellent) by A.M. Best.

Differentiator

Problem solved

Functional benefit

Brands

• HOMES: Homeowners E&S (Excess and Surplus) product providing coverage for hard-to-insure single-family homes, including site-built homes in high-risk areas.

Products and services

• Manufactured Housing Insurance Insurance coverage for factory-built and manufactured homes along the Atlantic and Gulf coasts, targeting hard-to-place accounts. Offered in Preferred (all-perils replacement cost) and Select (named perils ACV for older homes) policy forms with wind and hail coverage included. Available in 10 coastal states (AL, DE, FL, GA, LA, MS, NC, SC, TX, VA).
• HOMES (Homeowners E&S) Excess and surplus homeowners insurance for hard-to-insure single-family site-built homes, covering coastal regions, wildfire-exposed locations, and PC 10-rated zones with limits up to $1M. Sold through appointed independent agents and brokers.

Quantifiable outcome

• Instant quotes available through online portal
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Kinsale Insurance CompanycoreStrategic or Co-development PartnerKinsale Insurance Company is Aspera's sister company and primary market carrier. Aspera acts as underwriting manager for Kinsale, providing Personal Lines coverage for manufactured homes and homeowners. Both companies are co-located in Richmond, VA.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Kin Insurance: Direct-to-consumer digital homeowners insurer with a strong Florida and catastrophe-exposed footprint, comparable to Aspera in targeting hard-to-insure coastal homes, though differing in distribution (DTC vs. wholesale broker).
• Swyfft: Data-driven, AI-priced homeowners MGA selling through independent agents, comparable to Aspera in using technology to streamline homeowners quoting in non-standard property segments.
• Neptune Flood Insurance: Specialty flood-focused MGA offering coastal and high-risk residential coverage through appointed agents, comparable in being a non-admitted specialty MGA serving coastal homeowners, though narrower in peril scope than Aspera.
• Openly: Tech-enabled E&S homeowners MGA using a digital portal and appointed independent agent model, closely comparable to Aspera's online quoting portal and agent distribution strategy in the high-value homeowners E&S segment.

Others

• Imperial Premium Finance (IPFS): Premium finance partner and ecosystem enabler; comparable to Aspera only in the sense of being an existing commercial partner for client installment billing, illustrating the broader premium-finance and E&S servicing ecosystem.

Broad incumbents

• Tower Hill Insurance Group: Florida-anchored regional personal lines writer with significant coastal and manufactured housing exposure, overlapping Aspera's FL coastal and manufactured housing opportunity from a larger, more diversified base.

Direct peers

• Foremost Insurance Group: Long-established specialty carrier for manufactured homes, mobile homes, and specialty homeowners. Closely comparable to Aspera in target property type and hard-to-place homeowner risk profile.
• American Strategic Insurance (ASI): A major personal lines E&S writer serving catastrophe-exposed coastal homeowners through the independent agent channel, directly comparable to Aspera's HOMES product and coastal risk appetite.
• Coastal Insurance Underwriters: Wholesale broker/MGA specializing in coastal and E&S homeowners with multi-state reach, directly overlapping Aspera's coastal, manufactured, and high-risk homeowner focus.
• SageSure: Specialty MGA focused on coastal and other catastrophe-exposed personal lines, partnering with multiple carriers to provide E&S homeowners and manufactured housing — a near-direct analog to Aspera's underwriting-manager model and target market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/AsperaInsurance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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 Aspera Insurance Services