Pie Insurance announced it is now offering its “data-driven” workers’ compensation insurance in Connecticut, targeting the state’s more than 365,000 small businesses.
“Connecticut’s economy depends on small businesses, which represent more than 99% of all businesses in the state,” said John Swigart, co-founder and CEO of Pie Insurance. “At Pie, we believe every business warrants coverage that fits their reality.”
The company says its proprietary technology delivers instant pricing decisions on 73% of class codes and more accurate pricing for small businesses that may often face limited options and higher premiums due to “traditional insurers’ inability to granularly assess risk for diverse business types.”
Pie says its focus on “granular, sophisticated pricing, and data-driven customer segmentation” enables it to match price with risk accurately across small business types,
Connecticut’s economy spans healthcare, construction, retail, professional services, manufacturing, and food service—industries with varying safety requirements and risk profiles. The Pie Insurance 2025 Workplace Safety Survey found that 50% of small business injuries are preventable, with average out-of-pocket costs exceeding $10,000 per incident. Pie advocates that proper coverage and proactive safety measures can mean significant savings for small businesses.
“Small businesses often operate without HR teams or safety departments,” said Carla Woodard, senior vice president of claims at Pie. “We go beyond servicing policies and paying claims. We’re providing practical insights that help employers create and maintain safer work environments.”
In March, AM Best affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Pie and its affiliates and assigned a stable outlook to these credit ratings..
Pie, which since 2017 has received more than $615 million in funding, now offers workers’ comp in 39 states and Washington, D.C., serving more than 50,000 policyholders nationwide. It also continues to grow its national network of more than 5,000 appointed agencies and welcomes inquiries from Connecticut agents.
Topics InsurTech Workers' Compensation Data Driven Talent New Markets Connecticut
Was this article valuable?
Here are more articles you may enjoy.
Why Experts Say States Need to Get in the Business of Floodplain Buyouts 
AIG CEO Zaffino Highlights Integration of GenAI to Create Digital Twin of Business 
Florida Woman Posed as Nurse and Treated Thousands of Patients, Officials Say 
Brookfield Turns Focus to Insurance as Source of Fresh Capital 
