Insurance Brokers
- Company typePrivate
- Founded1996
- HeadquartersRound Rock, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
Insurance Brokers firmographics
Firmographics- Name
- Insurance Brokers
- Legal name
- Insurance Brokers
- Website
- https://medicalinsbroker.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Insurance Brokers industry classification
Industry- Product category
- Insurance Brokerage Services
- NAICS
- Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Individual Health Insurance Brokerage & Distribution (FSAIAEAL)
- akta.pro secondary industries
- Retail (Personal Lines) Insurance Brokerage (FSAEADAA), Medicare Plan Distribution & Brokerage (Captive, Independent, FMOs) (FSAIAGAH)
Keywords
Where Insurance Brokers is headquartered
LocationHeadquarters
- HQ city
- Round Rock
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Insurance Brokers business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations
Revenue model
- Insurance Commission Revenue: The company operates as a licensed insurance broker earning commissions directly from insurance carriers when customers purchase coverage through their services. There is no cost to the customer for using the broker's services. The company receives compensation from the insurance company chosen by the customer.
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Insurance Brokers product offering
Product offeringCore offering
Insurance Brokers operates as an independent insurance brokerage distributing medical, dental, vision, life, disability, long-term care, and supplemental insurance products from multiple carriers (Humana, Aetna, Cigna, MetLife, BCBS, Principal, Guardian, Celtic, Assurant, United Health One, and others) to individuals, families, and employer groups in Texas. The company also administers tax-advantaged benefit programs including HSAs, FSAs, HRAs, Section 125/Cafeteria Plans, and Texas state continuation coverage. The service is provided at no cost to clients, with the broker earning commissions from the insurance carriers when coverage is purchased.
Product overview
Insurance Brokers operates as a medical and benefits insurance brokerage offering a comprehensive portfolio of insurance products and related services. The company provides two primary channels: Group Insurance (including Group Medical, Dental, and Long Term Care) for employers with 2+ employees, and Individual Insurance (Medical, Dental, Accident, Short-Term Medical, Vision, Disability, Long-Term Care, Critical Illness, Cancer, Medicare Supplements, and Travel Medical). Additionally, the company offers tax-advantaged benefit administration services including Texas State Continuation, Section 125/Cafeteria Plans, HRAs, and HSAs/FSAs. The model is fee-free to clients, with compensation received from insurance carriers. The company has served families and employers for 28 years, representing multiple major insurance carriers including Aetna, Cigna, Humana, MetLife, Blue Cross Blue Shield, Principal, Guardian, and Celtic.
Differentiator
Problem solved
Functional benefit
Products and services
- Group Medical Insurance Health insurance coverage for employer groups, typically requiring 50% employer contribution and 75% employee participation for groups of 2-50 employees. Offered to small to mid-sized employers in Texas.
- Group Dental Insurance Dental coverage offered as part of employer group benefit packages for small to mid-sized Texas employers.
- Group Long Term Care Insurance Long-term care coverage for group members, available through carriers including Transamerica, Prudential, Mutual of Omaha, MedAmerica, and Genworth, offered to employer groups.
- Individual Medical Insurance Health insurance coverage for individuals and families, available through Aetna, United Health One, Blue Shield, and International Medical Group.
- Individual Dental Insurance Standalone dental coverage for individuals, offered through Dental Select and Humana.
- Individual Vision Insurance Vision coverage for individuals, available through Direct Vision and Spirit Vision.
- Individual Accident Insurance Financial coverage against unforeseen accidents causing bodily injury, permanent partial or total disability, and accidental death, for individuals.
- Short Term Medical Insurance Temporary health coverage for individuals between jobs, waiting for another plan, or without existing coverage, typically lasting one month to one year.
- Individual Disability Insurance Income protection insurance providing financial benefits if the insured becomes unable to work due to disability.
- Individual Long Term Care Insurance
Companies that use Insurance Brokers
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
Insurance Brokers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Insurance Brokers partnerships and signals
Strategic signalPartnerships
23 partnerships are on record, tiered core.
- HumanacoreMajor health insurance carrier partner offering individual and group medical coverage. The broker sells Humana products as part of their carrier portfolio.
- AetnacoreMajor health insurance carrier partner. Aetna products are offered through the broker's individual and group insurance services.
- CignacoreMajor health insurance carrier partner offering medical coverage through the broker's portfolio of insurance products.
- MetLifecoreMajor employee benefits carrier providing group insurance products. Active collaboration with broker case specialists for client service.
- Blue Cross Blue Shield (BCBS)coreMajor health insurance carrier partner included in the broker's carrier portfolio for individual and group coverage.
- Principal Financial GroupcoreEmployee benefits carrier partner offering group insurance products through the broker's distribution network.
- Guardian LifecoreInsurance carrier partner included in the broker's portfolio for dental, vision, and other employee benefits.
- AssurantcoreSpecialized insurance carrier partner offering supplemental and specialty insurance products.
- Celtic InsurancecoreHealth insurance carrier partner in the broker's network providing individual coverage options.
- United Health OnecoreUnitedHealthcare brand offering individual health insurance plans, accessible through the broker's services.
- Blue ShieldcoreHealth insurance carrier partner for individual coverage offerings through the broker.
- International Medical Group (IMG)coreTravel medical insurance and international health insurance provider partner for individual and travel coverage needs.
- Dental SelectcoreSpecialized dental insurance provider partner offering individual and group dental plans through the broker.
- Spirit DentalcoreDental and vision insurance carrier partner providing individual coverage options through the broker.
- TransamericacoreInsurance carrier partner offering long term care and other insurance products through the broker's portfolio.
- Prudential FinancialcoreMajor insurance carrier partner providing long term care and other insurance products via the broker.
- Mutual of OmahacoreInsurance carrier partner offering long term care and supplemental insurance products.
- MedAmericacoreLong term care insurance carrier partner specializing in extended care coverage products.
- Genworth FinancialcoreLong term care insurance specialist partner providing coverage through the broker's distribution.
- AssuritycoreInsurance carrier partner offering critical illness and other supplemental insurance products.
- John HancockcoreInsurance carrier partner offering life and long term care insurance products through the broker.
- Lincoln Financial GroupcoreInsurance carrier partner providing long term care and financial protection products.
- Direct VisioncoreVision insurance carrier partner offering individual vision coverage plans.
Scale indicators1 record
Recent moves5 records
Expansion highlights4 records
Insurance Brokers competitors and assessment
Company assessmentBroad incumbents
- QuoteWizard (MediaAlpha): Insurance customer acquisition platform that routes consumer demand to carrier and broker partners, including individual health and Medicare — a broader incumbent competing for the same lead flow.
- Brown & Brown Insurance: Large national insurance brokerage distributing commercial and personal lines across many carriers — an incumbent whose group benefits segment competes for the same small/mid-employer prospects.
- Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm with an employee benefits practice serving mid-market and large employers — a broader incumbent with overlapping group benefits offerings.
Direct peers
- SelectQuote: Direct-to-consumer insurance distributor specializing in individual life, health, and Medicare products from multiple carriers, with a similar commission-based, phone-assisted distribution model.
- SmartFinancial Insurance: Online insurance comparison platform distributing auto, home, health, and commercial coverage from multiple carriers, directly competing for individual and small-group insurance shoppers.
- eHealth: Online health insurance marketplace offering individual, family, and Medicare plans from multiple carriers — a digital-first competitor targeting the same individual and senior insurance buyer.
- GoHealth: Medicare-focused insurance marketplace connecting consumers with Medicare Advantage and Supplement plans from multiple carriers, overlapping significantly with the broker's Medicare supplement offering.
- HealthMarkets: National independent insurance agency that distributes individual and family health, Medicare, and supplemental insurance across multiple carriers — directly mirroring Insurance Brokers' multi-carrier individual and group benefits model.
Emerging players
- Policygenius: Digital insurance marketplace specializing in life, disability, and supplemental coverage — partial overlap with the broker's individual life, disability, and long-term care product lines.
- Simply Insurance: Online broker focused on individual health, life, and supplemental insurance products, with partial overlap to Insurance Brokers' individual and family coverage portfolio.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Insurance Brokers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Insurance Brokers leadership team
Management profileNumber of profiles
Profiles1 record
Insurance Brokers funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Insurance Brokers 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 Insurance Brokers
What does Insurance Brokers do?
Insurance Brokers operates as an independent insurance brokerage distributing medical, dental, vision, life, disability, long-term care, and supplemental insurance products from multiple carriers (Humana, Aetna, Cigna, MetLife, BCBS, Principal, Guardian, Celtic, Assurant, United Health One, and others) to individuals, families, and employer groups in Texas. The company also administers tax-advantaged benefit programs including HSAs, FSAs, HRAs, Section 125/Cafeteria Plans, and Texas state continuation coverage. The service is provided at no cost to clients, with the broker earning commissions from the insurance carriers when coverage is purchased.
Is Insurance Brokers a public or private company?
Insurance Brokers is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Insurance Brokers founded?
Insurance Brokers was founded in 1996. It employs 11 to 50 people.
Where is Insurance Brokers based?
Insurance Brokers is headquartered in Round Rock, United States, in the North America region.
How does Insurance Brokers make money?
One revenue line is on record: insurance Commission Revenue.
Who are Insurance Brokers's main competitors?
Broad incumbents on record are QuoteWizard (MediaAlpha), Brown & Brown Insurance and Arthur J. Gallagher & Co.. Direct peers are SelectQuote, SmartFinancial Insurance, eHealth, GoHealth and HealthMarkets. Emerging players are Policygenius and Simply Insurance.
Does Insurance Brokers have an API?
No public API is recorded for Insurance Brokers.
What industry is Insurance Brokers in?
Insurance Brokers's product category is Insurance Brokerage Services. Its primary akta.pro industry code is FSAIAEAL, Individual Health Insurance Brokerage & Distribution, with a secondary code of FSAEADAA, Retail (Personal Lines) Insurance Brokerage. Its NAICS code is 52421 and its SIC code is 6411.