Obie is one of the only insurtech companies able to provide instant, bindable insurance quotes for residential real estate investors via embedded insurance tech in all 50 states. This means investors can obtain and bind an insurance policy within minutes through a lender or other landlord tool, website or platform.
Obie leverages several sources of data that provide instant, bindable quotes. Compared to the industry standard of requiring tedious paperwork and up to a week in order to generate a quote, Obie has reinvented how insurance is bought and sold for the one to four-unit investment property. Obie increased gross written premium by 250% year over year and has maintained a 50% loss ratio due to novel underwriting and proprietary data that equates good distribution partners to good insurance risk. Additionally, the company continues to see a 93% policy renewal rate vs. the industry average of 84%.
Company Website:
https://www.obieinsurance.com/
Markets Served:
Single Family Investment and Property Management
Company HQ:
Chicago, IL
