Spectrum Insurance Services
- Company typePrivate
- Founded-
- HeadquartersRolling Meadows, United States
- Headcount—
- GTM typeB2C
- OfferingServices
Spectrum Insurance Services firmographics
Firmographics- Name
- Spectrum Insurance Services
- Legal name
- Spectrum Insurance Services
- Website
- https://spectruminsservices.com
- Company type
- Private
- Ownership category
- akta.pro rank
Spectrum Insurance Services industry classification
Industry- Product category
- Personal Insurance Services
- NAICS
- Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Individual Health Insurance Brokerage & Distribution (FSAIAEAL)
Keywords
Where Spectrum Insurance Services is headquartered
LocationHeadquarters
- HQ city
- Rolling Meadows
- HQ country
- United States
- HQ region
- North America
Markets served
Spectrum Insurance Services business model
Business model- GTM type
- B2C
- Offering type
- Services
Spectrum Insurance Services product offering
Product offeringCore offering
Spectrum Insurance Services provides multiple lines of personal insurance products, including Medicare, life, auto, home, and health insurance coverage. The firm operates as a private, for-profit insurance provider based in Rolling Meadows, United States, delivering insurance products and related services to customers.
Differentiator
Problem solved
Functional benefit
Products and services
- Medicare Insurance Medicare insurance coverage offered to individuals seeking health coverage for seniors and eligible beneficiaries.
- Life Insurance Life insurance coverage products provided to individuals for financial protection of beneficiaries.
- Auto Insurance Auto insurance coverage for individual vehicle owners seeking protection against automotive risks.
- Home Insurance Home insurance coverage for homeowners seeking protection for residential property and related risks.
- Health Insurance Health insurance coverage products offered to individuals seeking medical expense protection.
Companies that use Spectrum Insurance Services
Customer profileIdeal customer profiles1 record
Spectrum Insurance Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Spectrum Insurance Services competitors and assessment
Company assessmentBroad incumbents
- Farmers Insurance: National multi-line insurance carrier-agency selling auto, home, life, and small commercial coverage. Overlaps directly with Spectrum's product breadth and suburban independent-agency distribution model.
- Allstate: Major U.S. multi-line P&C and life distributor with broad agency footprint. Competes with Spectrum for the same household insurance dollar (auto, home, life) through both captive and independent channels.
- State Farm: Largest U.S. personal lines insurer-agency. Comparable as a multi-line distributor of auto, home, life, and health products, but at vastly greater scale and primarily through captive agents rather than independent brokerage like Spectrum.
- Humana: Major U.S. health and Medicare Advantage carrier. Competes indirectly with Spectrum as the underlying carrier for many Medicare products the agency distributes, while also offering direct-to-consumer Medicare sales.
- Liberty Mutual: Major U.S. multi-line P&C carrier offering auto, home, and life through both captive and independent channels. Competes with Spectrum across the broader household insurance market.
Emerging players
- Policygenius: Digital insurance marketplace focused on life, disability, and home/auto. Represents the digitally native competitive threat to small independent agencies like Spectrum, particularly for life and P&C lines.
Direct peers
- Goosehead Insurance: Public multi-line independent insurance agency distributing home, auto, and life through franchise agents and digital channels. Closest comparable as a multi-carrier independent agency competing for the same suburban household customers as Spectrum.
- HealthMarkets: Independent insurance agency distributing Medicare, individual health, life, and supplemental products through a national agent network. Directly comparable multi-line health-and-life brokerage model to Spectrum's medicare/health orientation.
- SelectQuote: Direct-to-consumer insurance distributor focused on life and senior health (Medicare) products. Comparable to Spectrum as a multi-line insurance distributor with a Medicare/health center of gravity.
- eHealth: Online health insurance marketplace specializing in Medicare and individual/family plans. Direct competitive overlap with Spectrum's Medicare and health brokerage, though operated at much larger digital scale.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat2 records
Key highlights4 records
Customer concentration
Spectrum Insurance Services social profiles
Digital presenceSpectrum Insurance Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spectrum Insurance Services leadership team
Management profileNumber of profiles
Spectrum Insurance Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spectrum Insurance Services 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 Spectrum Insurance Services
What does Spectrum Insurance Services do?
Spectrum Insurance Services provides multiple lines of personal insurance products, including Medicare, life, auto, home, and health insurance coverage. The firm operates as a private, for-profit insurance provider based in Rolling Meadows, United States, delivering insurance products and related services to customers.
When was Spectrum Insurance Services founded?
Spectrum Insurance Services was founded in -1.
Where is Spectrum Insurance Services based?
Spectrum Insurance Services is headquartered in Rolling Meadows, United States, in the North America region.
Who are Spectrum Insurance Services's main competitors?
Broad incumbents on record are Farmers Insurance, Allstate, State Farm, Humana and Liberty Mutual. Policygenius is listed as an emerging player. Direct peers are Goosehead Insurance, HealthMarkets, SelectQuote and eHealth.
Does Spectrum Insurance Services have an API?
No public API is recorded for Spectrum Insurance Services.
What industry is Spectrum Insurance Services in?
Spectrum Insurance Services's product category is Personal Insurance Services. Its primary akta.pro industry code is FSAIAEAL, Individual Health Insurance Brokerage & Distribution. Its NAICS code is 524210 and its SIC code is 6411.