NSI Insurance Group, one of the largest privately owned brokerage firms, announced it has acquired Florida-based HoneyQuote.com, a startup insurtech company that matches users with property insurers carriers in real time
NSI, headquartered in Miami, said in a news release that HoneyQuote’s machine-learning algorithm is being used increasingly in the insurance marketplace. The insurtech said it began in 2019, is licensed in Florida and Texas, and has worked with 30 insurance carriers to find coverage for property owners.
The acquisition will help HoneyQuote’s service expand nationwide and offer new products, the company said.
The terms of the deal were not disclosed.
Topics Mergers & Acquisitions Florida
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