Herald

🚀 The 2024 Insurance API Index is Live! 🚀 This year's update reflects tremendous growth in API-enabled products for commercial insurance. Highlights: 📈 Growth in Carrier Digital Capabilities: A 50% increase in digital-ready carriers and a 45% jump in commercial API-enabled products. 🌐 Expansion in Excess & Surplus Lines (E&S): With 28 carriers offering general liability APIs and 27 offering property package APIs, E&S digitization is booming. 🔒 Cyber Lines on the Rise: 32% growth in API-enabled cyber products since last year, addressing the protection gap in cyber insurance, estimated at 90%. At Herald, we’re proud to support these advancements in insurance tech and empower carriers and brokers on their digital journey. Check out the 2024 Insurance API Index for the full picture! https://lnkd.in/e5E3KJ5J #InsuranceAPI #InsurTech #DigitalTransformation #Herald Yue (Jane) Yang Kelly Bailey

We're incredibly honoured to be nominated once again by the New England Venture Capital Association after winning the 2022 NEVY award for the Seed Tech Startup of the Year. This time we're in the hottest startup category. Wish us luck! #NEVYs24 https://lnkd.in/e548JKAk

🚨 Our latest Financing Spotlight is here! Congratulations to these Lightspeed-backed companies on their recent financings: → Casap, a copilot & collaboration platform that automates disputes, reduces fraud loss, and creates loyalty-building opportunities. Cc: Co-Founders Saisi and Shanthi Shanmugam → Granola, a platform that augments your note-taking abilities with an AI meeting bot that works as a partner while keeping the user in control. Cc: Co-Founders Christopher Pedregal and Sam Stephenson → Herald, the leading digital infrastructure provider for commercial insurance with a unified API that digitally connects insurance brokers with carriers to enhance AI capabilities and streamline commercial insurance workflows. Cc: Co-Founders Duncan Crystal and Matthew Antoszyk → Pacific Fusion, a power company that is attempting to create a nuclear fusion-based energy source with their breakthrough approach known as pulsed magnetic fusion. Cc: Co-Founders Will Regan, Carrie von Muench, Keith LeChien, Leland Ellison, and Eric Lander → Table22, a hospitality platform that helps restaurants create subscription services for their customers, adding meaningful revenue and deepening loyalty. Cc: Founder Sam Bernstein → Tabs, brings your billing, receivables, payments, revenue recognition, and reporting together on the same AI-powered platform. Cc: Co-Founders Ali Hussain and Deepak Bapat → Tennr, reads documents from incoming faxes passing through healthcare practices and automates essential tasks like scheduling and qualifying patient visits. Cc: Co-Founders Trey Holterman, Diego Baugh, and Tyler Johnson → TollBit, helps digital publishers navigate content strategy in the age of the AI internet to monitor and block AI bot traffic, manage licensing deals, and build custom GPTs on their own content to engage users. Cc: Co-Founders Toshit Panigrahi and Olivia Joslin

🌟 Recap from ITC Vegas 2024! 🌟 Last week, the Herald team was on the ground at ITC Vegas, the largest gathering of insurance innovators, and what an incredible experience it was! With over 9,000 attendees from across the industry, the event was the perfect opportunity to connect, learn, and showcase how Herald is reshaping the future of commercial insurance. We were thrilled to share how our unified API is simplifying workflows, connecting brokers and carriers more seamlessly, and driving real-time quoting and binding. The conversations we had reinforced the critical role technology plays in streamlining the insurance ecosystem and our mission to create an open data standard that benefits all stakeholders. It was also the ideal place to announce our Series A funding, a major step forward in continuing to build out our platform and expand our AI capabilities. A big thank you to everyone we met, and to the ITC Vegas team for creating such an impactful space for innovation and collaboration. Onward to more transformative work in 2024! #ITCVegas #InsurTech #InsuranceInnovation #HeraldAPI #DigitalTransformation Eldar Markovich Mary Kate Noelke Jean-Marc Turk Hollie Grantham Derlen Chiu Ben Shaw

🚀 Exciting News from ITC Vegas! 🚀 Today at InsureTech Connect we announced that Herald has raised $12M in a Series A funding round, co-led by Lightspeed and Brewer Lane Ventures with participation from Afore Capital and Underscore VC! This funding accelerates our mission to transform the insurance industry by providing digital connectivity and AI-powered solutions, streamlining commercial insurance workflows. With 80+ insurance products from over 35 carrier partners — covering Cyber, Management Liability, BOP, GL, Workers Compensation, and more — Herald's unified API is helping brokerages eliminate manual data entry, speed up transactions, and work seamlessly within their preferred systems (AMS, CRM, or custom-built platforms). Our vision? To create a modern, open data standard for the entire insurance ecosystem, enabling greater efficiency, automation, and data accuracy between brokers and carriers. Huge thanks to our incredible team, partners, and investors who are helping us make this vision a reality! 🚀 Let’s keep building the future of insurance. 💪 Learn more: https://lnkd.in/e3dXivDX #InsuranceTech #SeriesAFunding #AI #ITCVegas #InsurTech #DigitalTransformation #CommercialInsurance #HeraldAPI #InsuranceInnovation #InsuranceEcosystem Yoni Cheifetz Rohan Malhotra

Don't miss our Co-Founder and Chief Revenue Officer Duncan Crystal speaking about Herald on Wednesday in the ITC Vegas (InsureTech Connect) breaking news section.

🚨 We’re thrilled to welcome Ben Shaw as our new Head of Carrier Relations and Partnerships! Ben brings a wealth of experience from his work at InsurTech Hub Munich (an insurance innovation association co-founded by Allianz, Munich Re and many other insurers), Flyla.com and Barclays, with deep expertise in connectivity and innovation. We’re excited to have him on the team and look forward to the incredible impact he’ll have at Herald! Ben will be joining Herald at the upcoming InsureTech Connect (#ITCVegas) this week. Speak to him about our carrier and partner programs! The full article can be found here: https://lnkd.in/e64Qq-TZ

We had a great time at the TechAssure Global Members Conference in Vancouver, where our very own Jean-Marc Turk joined an insightful panel moderated by Renee Stock, VP Technology Practice Leader at IMA Financial Group, Inc.. The discussion, "Digital Connectivity in Commercial Insurance – How Does It Impact Your Firm?", explored the future of #innovation in our industry. Big thanks to our partners Carl Niedbala from The Baldwin Group and Garrett Koehn, Chief Innovation Officer at CRC Insurance Services, for their valuable insights. Together, we’re helping push the boundaries of what’s possible in commercial insurance! #TechAssure #DigitalInnovation #CommercialInsurance #Partnerships #InsuranceTech

🚨 Partner program launch 🚨 At Herald we specialise in #digital infrastructure and all the elements that make it functional, easy to integrate and powerful to use. To ensure that every commercial insurance brokerage can make the most out of this technology we partner with experts, both technology platforms giving direct access to carrier products and services companies that can custom-tailor solutions. We're excited that for the launch of this incredible program we already have eight partners that we're working with. On the services side: Gerent, Growthmill and Infinity Software Development, Inc. On the technology side: Broker Buddha, Envoy Insure, Semsee, Unqork, Zywave Full post here: https://lnkd.in/ewvhHGqy Want to learn more about how to partner with Herald, reach out to our partnerships team: https://lnkd.in/edimD5b6 #commerciallines #connectivity #partnerprogram

🚨 Welcome Harris to Herald 🚨 We’re thrilled to announce that Harris Smriko has joined Herald as our new Enterprise Customer Success Manager! With 6 years of experience at Elsen Inc., Refinitiv and London Stock Exchange, Harris brings expertise in managing client success and delivering impactful solutions. We’re excited to have Harris on board as we continue to innovate in the insurance technology space!