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Pie Insurance Has Completed Its Transition To A Rated Full Stack Carrier

Things To Know About Pie Insurance

The privately held company founded in 2017 is headquartered in Washington and has a mission to provide easy , simple and transparent insurance to small business owners. They aim to make this as easy as a pie and pick the company name from this innovative idea.

Recently, the company has secured a Financial Strength Rating and Long term issuer credit rating of A, from AM Best, a global credit rating agency. Whereas from the starting of January 1, 2023, the company took the powers of a nationally licensed insurance company and  renamed it as The Pie Insurance Company.

The company claimed that the series of integrations with the three companies will leverage it’s flexibility for small business insurance agents and make it more simpler for them to opt for insurance and coverage.

As per the terms, the firm will work on production for agents, allow them to scale their businesses and improve client retention by building trust and transparency among them.

After achieving this marvelous rating, it has now completed its transition to a rated, full-stack carrier and will begin issuing its own insurance policies ahead of this year.

What Are The Views Of Leading Members Of The Firm On This 

John Swigart, co-founder and CEO of Pie, said, “Receiving A- Excellent credit ratings from AM Best sets us up for success as we fulfill our long-term strategy of becoming a technology driven, full-stack specialty carrier that has complete control over the insurance experience.”

“AM Best is the premiere authority on the financial stability of insurance companies and their validation promotes the utmost confidence in our ability to serve our independent agency partners and small business customers across the country.”

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