The NBP Group
The NBP Group is a privately held independent insurance brokerage founded in 1993 that places personal, commercial, and specialty insurance across all 50 U.S. states through 50+ carrier partnerships. It serves individuals, families, and small-to-mid-market businesses via agent-assisted sales and quote-based pricing.
- Company typePrivate
- Founded1993
- HeadquartersJericho, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What The NBP Group does
The NBP Group Inc is a privately held independent insurance brokerage founded in 1993 by Neal Patel and headquartered in Woodbury, New York. Operating as an agency under the d/b/a "NBP Insurance" and "NBP Insurance Brokerage Inc," the firm places personal, commercial, and specialty insurance on behalf of customers across all 50 U.S. states. The company represents more than 50 insurance carriers — including AIG, Chubb, Liberty Mutual, Progressive, Travelers, The Hartford, MetLife, and Zurich — earning commissions on policies sold rather than underwriting risk itself.
The product portfolio spans roughly 100 coverage types organized into four buckets: personal lines (auto, homeowner, condo, renters, landlord, life, health, disability, long-term care, umbrella); commercial lines (property, liability, workers' compensation, group benefits, builder's risk, manufacturing, retail, cyber liability, EPLI); specialty lines (exotic/collector vehicles through Highline Insurance Solutions, flood via NFIP, earthquake, wedding); and industry-specific programs for real estate, construction, aviation, environmental science, manufacturing, and hospitality. Pricing is quote-based and tailored to individual risk factors rather than published, with billing on a monthly cadence.
The go-to-market is sales-led and agent-assisted: customers submit inquiries via a website quote request form or by phone, and experienced agents follow up to recommend carriers from the partner network. Distribution relies on the digital quote funnel, direct phone and email channels, and in-person consultations at the Woodbury headquarters. The technology stack is described as standard agency operations — a quote request system and contact management platforms — with no proprietary technology platforms or AI/ML capabilities disclosed. Headcount is in the 11-50 range, and the company is entirely founder-owned with no institutional investment, no M&A activity, and no public funding history.
The NBP Group firmographics
Firmographics- Name
- The NBP Group
- Legal name
- The NBP Group Inc
- Website
- https://nbpinsurance.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The NBP Group is a privately held independent insurance brokerage founded in 1993 that places personal, commercial, and specialty insurance across all 50 U.S. states through 50+ carrier partnerships. It serves individuals, families, and small-to-mid-market businesses via agent-assisted sales and quote-based pricing.
- Ownership category
- akta.pro rank
The NBP Group industry classification
Industry- Product category
- Insurance Brokerage Services
- NAICS
- Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Commercial General Liability (CGL) (FSAJADAA)
- akta.pro secondary industry
- Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD)
Keywords
Where The NBP Group is headquartered
LocationHeadquarters
- HQ city
- Jericho
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
The NBP Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Brokerage Commissions: The NBP Group Inc operates as an independent insurance agency/broker earning commissions from insurance carriers for policies sold. They represent multiple insurance companies (50+ carriers) and earn commissions when customers purchase insurance products through their agency. The agency offers both personal insurance (auto, homeowner, life, health, etc.) and commercial insurance (property, liability, workers compensation, etc.) products across all 50 states.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Quote-based pricing tailored to individual customer circumstances |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
The NBP Group product offering
Product offeringCore offering
The NBP Group Inc is an independent insurance brokerage that sources and places property-casualty, personal, commercial, life/health, and specialty insurance policies for individuals and businesses across all 50 U.S. states. As an independent agent, the firm represents 50+ insurance carriers and earns brokerage commissions on policies sold, offering customers comparative shopping across auto, homeowner, life, health, commercial property, commercial liability, workers compensation, cyber liability, and specialty lines including exotic car coverage.
Product overview
The NBP Group is an independent insurance brokerage offering a comprehensive portfolio of insurance products and risk management services. The company operates as a platform of insurance solutions across personal, business/commercial, and specialty categories, with access to 50+ carrier partners. Personal insurance includes auto, homeowner, condo, renters, landlord, boat, RV, life, health, disability, long term care, and umbrella coverage. Business insurance encompasses commercial property, commercial liability, group benefits, builder's risk, manufacturing, retail, cyber liability, and employment practices liability. Specialty offerings feature exotic car insurance (Highline Insurance Solutions), flood insurance (via NFIP), earthquake insurance, and wedding insurance. The company also provides specialized coverage for industries including real estate, construction, aviation, environmental science, manufacturing, retail, restaurants, and hospitality through their network of insurance carrier partners.
Differentiator
Problem solved
Functional benefit
Products and services
- Auto Insurance
- Homeowner Insurance
- Condo Insurance
- Renters Insurance
- Landlord Insurance
- Boat Insurance
- RV Insurance
- Life Insurance
- Health Insurance
- Disability Insurance
- Long Term Care Insurance
- Umbrella Insurance
- Commercial Property Insurance
- Commercial Liability Insurance
- Group Benefits
- Builder's Risk Insurance
- Manufacturing Insurance
- Retail Insurance
- Cyber Liability Insurance
- Employment Practices Liability Insurance (EPLI)
- Flood Insurance
- Earthquake Insurance
- Wedding Insurance
- Highline Insurance Solutions (Exotic Car Insurance)
Quantifiable outcome
- 30+ years of industry experience providing insurance services since 1993
- +3 more outcomes
Companies that use The NBP Group
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
The NBP Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The NBP Group partnerships and signals
Strategic signalPartnerships
33 partnerships are on record, tiered core and minor.
- AIGcoreAIG is one of the major insurance carriers represented by The NBP Group Inc. Through this partnership, NBP offers AIG commercial and personal insurance products to customers nationwide. NBP serves as a distribution channel for AIG policies.
- American CollectorscoreAmerican Collectors Insurance provides specialty collector vehicle insurance. NBP Group offers this to customers with classic cars, antique vehicles, and collector automobiles through their exotic and collector auto insurance program.
- American ModerncoreAmerican Modern specializes in specialty insurance products including mobile home, recreational vehicle, and collector car coverage. Partnership enables NBP to offer specialized coverage options for niche insurance needs.
- BeazleycoreBeazley is a specialty insurer providing marine, property, and casualty insurance. NBP Group distributes Beazley products as part of their commercial insurance offerings for business clients.
- ChubbcoreChubb is a leading global insurance carrier offering commercial and personal property and casualty insurance. NBP Group represents Chubb for high-value home insurance, commercial accounts, and specialty risk coverage.
- Cincinnati InsurancecoreCincinnati Insurance provides commercial lines, personal lines, and bonds insurance products. NBP offers Cincinnati Insurance products to business and personal customers through their independent agency network.
- CNAcoreCNA is a major commercial insurance carrier offering business insurance, professional liability, and specialty coverage. NBP Group distributes CNA products to commercial clients requiring comprehensive business protection.
- Condon-SkellyminorCondon-Skelly provides insurance for the marine and watercraft industry. Partnership enables NBP to offer boat and watercraft insurance coverage options.
- HagertycoreHagerty is a leading specialty insurance provider for classic and collector vehicles. NBP Group offers Hagerty coverage as part of their exotic and collector auto insurance program for specialty vehicle owners.
- Hanover Insurance GroupcoreHanover Insurance Group provides commercial and personal insurance products. NBP distributes Hanover products for business and individual insurance needs.
- KingstoneminorKingstone Insurance focuses on personal lines coverage. Partnership provides NBP with additional options for homeowner and personal insurance products.
- Lancer InsuranceminorLancer Insurance specializes in commercial auto insurance. NBP offers Lancer products to business clients requiring commercial vehicle coverage.
- Liberty MutualcoreLiberty Mutual is a major national insurance carrier providing personal and commercial insurance products. NBP Group represents Liberty Mutual for auto, home, and business insurance coverage.
- Merchants Insurance GroupminorMerchants Insurance Group provides commercial insurance products. NBP offers Merchants products as part of their business insurance portfolio.
- MercurycoreMercury Insurance provides auto and homeowner insurance with competitive pricing. NBP distributes Mercury products for customers seeking value-oriented coverage options.
- MetLifecoreMetLife is a major insurance carrier offering life, dental, vision, disability, and other insurance products. NBP Group represents MetLife for group benefits and employee insurance solutions.
- NatGen PremierminorNatGen Premier provides specialty insurance products. Partnership enables NBP to offer additional niche coverage options for specialized insurance needs.
- OpenlyminorOpenly provides homeowners insurance products. NBP offers Openly coverage as part of their personal insurance product suite.
- Orchid InsuranceminorOrchid Insurance provides specialty personal lines coverage. Partnership expands NBP's offerings for niche personal insurance products.
- Philadelphia InsurancecorePhiladelphia Insurance Companies specialize in commercial insurance for niche markets including sports, fitness, and hospitality industries. NBP offers Philadelphia Insurance products for specialized business coverage.
- Plymouth RockminorPlymouth Rock provides auto and home insurance primarily in the Northeast. NBP offers Plymouth Rock products to customers in their regional service area.
- ProgressivecoreProgressive Insurance is a major auto and home insurance carrier. NBP Group represents Progressive for auto insurance and related personal coverage products.
- PUREcorePURE (Privilege Underwriters Reciprocal Exchange) provides high-value home and auto insurance for affluent members. NBP offers PURE coverage for high-net-worth client insurance needs.
- SafecocoreSafeco Insurance, part of Liberty Mutual, provides personal insurance products. NBP distributes Safeco products for auto, home, and umbrella coverage.
- SageSureminorSageSure provides coastal and specialty homeowners insurance. Partnership enables NBP to offer coverage options for properties in high-risk coastal areas.
- Shore One Insurance CominorShore One Insurance provides coastal property insurance. NBP offers Shore One products for customers with beach or waterfront properties requiring specialized coverage.
- The HartfordcoreThe Hartford is a major insurance carrier offering commercial and personal insurance products including small business coverage. NBP represents The Hartford for business and personal insurance needs.
- TravelerscoreTravelers Insurance is a leading commercial and personal insurance carrier. NBP Group distributes Travelers products for comprehensive business and individual coverage options.
- USLIminorUSLI provides small business insurance products. Partnership expands NBP's offerings for small business insurance coverage options.
- Utica FirstminorUtica First Insurance provides commercial and personal insurance products. NBP offers Utica First products as part of their regional insurance offerings.
- Utica National Insurance GroupminorUtica National Insurance Group provides commercial and specialty insurance products. NBP distributes Utica National products for business and niche coverage needs.
- VaultminorVault Insurance provides specialty insurance for high-value personal lines coverage. Partnership enables NBP to offer premium personal insurance products for affluent clients.
- ZurichcoreZurich Insurance Group is a global insurance carrier providing commercial and personal insurance products. NBP Group represents Zurich for commercial insurance, specialty risk, and international coverage needs.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
The NBP Group competitors and assessment
Company assessmentBroad incumbents
- Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm distributing commercial and personal lines across an extensive carrier panel; broader incumbent representing the large-scale end of NBP's competitive set.
- Hub International: Large global insurance brokerage placing personal, commercial, and specialty lines across multiple carriers; competes for the same mid-market and high-net-worth customers NBP serves but at materially greater scale.
- USI Insurance Services: Large national insurance brokerage offering property-casualty, employee benefits, and specialty risk solutions through carrier partnerships — a scaled independent-brokerage incumbent with the same go-to-market structure as NBP.
- Brown & Brown, Inc. Large publicly traded insurance brokerage distributing personal, commercial, and specialty products nationwide; broader incumbent serving similar customers and product categories as NBP.
- NFP Corp: Diversified insurance brokerage and advisory firm offering property-casualty, benefits, and wealth management across the U.S.; operates the same multi-carrier agency economics as NBP but at significantly greater scale.
Direct peers
- Heffernan Insurance Brokers: Independent insurance brokerage offering multi-carrier personal, commercial, and employee benefits solutions across the U.S. with comparable size, multi-line breadth, and carrier-agnostic advisory positioning to NBP.
- Woodruff-Sawyer & Co. Mid-size independent insurance brokerage offering commercial and personal lines across multiple carriers, comparable to NBP in independent multi-carrier model and emphasis on personalized service.
- Conner Strong & Buckelew: Regional independent insurance and risk management broker delivering personal, commercial, and employee benefits solutions — directly comparable mid-size independent brokerage model to NBP.
- Hylant Group: Privately held, family-owned insurance brokerage providing personal, commercial, and specialty coverage through multiple carrier partners, with similar long-tenured independent agency roots to NBP.
- RPS (Risk Placement Services): Specialty insurance brokerage and wholesale distributor placing complex and niche risks across carrier partners, analogous to NBP's specialty verticals (aviation, environmental, exotic car) and multi-carrier specialty access.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
The NBP Group social profiles
Digital presenceThe NBP Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The NBP Group leadership team
Management profileNumber of profiles
Profiles1 record
The NBP Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The NBP 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 The NBP Group
What does The NBP Group do?
The NBP Group Inc is an independent insurance brokerage that sources and places property-casualty, personal, commercial, life/health, and specialty insurance policies for individuals and businesses across all 50 U.S. states. As an independent agent, the firm represents 50+ insurance carriers and earns brokerage commissions on policies sold, offering customers comparative shopping across auto, homeowner, life, health, commercial property, commercial liability, workers compensation, cyber liability, and specialty lines including exotic car coverage.
Is The NBP Group a public or private company?
The NBP Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was The NBP Group founded?
The NBP Group was founded in 1993. It employs 11 to 50 people.
Where is The NBP Group based?
The NBP Group is headquartered in Jericho, United States, in the North America region.
How does The NBP Group make money?
One revenue line is on record: insurance Brokerage Commissions.
Who are The NBP Group's main competitors?
Broad incumbents on record are Arthur J. Gallagher & Co., Hub International, USI Insurance Services, Brown & Brown, Inc. and NFP Corp. Direct peers are Heffernan Insurance Brokers, Woodruff-Sawyer & Co., Conner Strong & Buckelew, Hylant Group and RPS (Risk Placement Services).
Does The NBP Group have an API?
No public API is recorded for The NBP Group.
What industry is The NBP Group in?
The NBP Group's product category is Insurance Brokerage Services. Its primary akta.pro industry code is FSAJADAA, Commercial General Liability (CGL), with a secondary code of FSAIAEAD, Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident). Its NAICS code is 524210 and its SIC code is 6411.