Technology-enabled workers’ compensation and payroll services provider Omaha National Group, Inc. announced a $45 million Series B round led by Accomplice. The company said it plans to use the funds to support its transition to operating as a direct insurance writer and to continue the expansion of its proprietary software.
Omaha National is currently a managing general agency offering coverage from Preferred Professional Insurance Co.
“We see an unmet need in workers’ compensation for a company that employs advanced technology to achieve better claim outcomes and superior underwriting results,” said Omaha National President and CEO Reagan Pufall. “We’ve achieved a lot in the past five years but we’re just getting started.”
Since its launch in 2016, the MGA has grown to more than 190 employees and more than $120 million in program premiums. It offers coverage through more than 2,500 agencies.
Investors HighSage Ventures and Tull Investments joined Accomplice in the $45 million Series B round. Agman, a Chicago-based investment firm, remains the principal and founding investor.
Omaha National touts a proprietary software that it says enhances it operations to better help customers and injured workers, while generating “consistently compelling loss ratios.”
Related:
- Chookaszian, Banta Join Omaha National Insurance Board of Directors
- Omaha National Announces It’s Expanding Coverage to New York
Topics Talent Workers' Compensation
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