QuoteWell
Category: AI in Fintech
QuoteWell is a tech-enabled wholesale insurance brokerage platform that connects independent agents with E&S markets using AI-powered technology QuoteWell was founded in 2021. The company is led by Joey Bouchard. Based in Austin, Texas, USA. Team size: 11-50. Total funding raised: $32 million. Latest round: Series A extension. Key investors include New Enterprise Associates (NEA), Goldcrest Capital, Floating Point, Brand Foundry Ventures, ClockTower Ventures.
- Founded
- 2021
- Headquarters
- Austin, Texas, USA
- Team size
- 11-50
- Total funding
- $32 million
Value proposition
To modernize the wholesale insurance process by providing a streamlined platform that offers fast response times, carrier transparency, and access to markets for hard-to-place risks through AI-powered matching and automation.
Products and solutions
Wholesale Insurance Brokerage Platform, AI-powered Risk Matching, Access to E&S Markets and Surplus Lines, Commercial P&C Products, Alby AI Assistant
Unique value
QuoteWell's uniqueness lies in its Human+ approach - combining advanced AI technology with human expertise to streamline the traditionally manual wholesale insurance process. Their proprietary AI platform, including Alby assistant, provides faster turnaround times and greater transparency.
Target customer
Independent insurance agents and brokers seeking access to surplus lines and E&S markets
Industries served
Construction, Energy, Healthcare, Hospitality & Entertainment, Life Sciences, Manufacturing & Retail, Real Estate, Cannabis, Professional Services, Environmental
Technology advantage
The core advantage is their proprietary AI-powered platform that digitizes and automates the insurance submission and quoting process, with automated risk matching to carrier appetites, resulting in faster turnaround times and improved accuracy compared to traditional wholesale brokers.
How they differentiate
QuoteWell differentiates itself through its tech-driven approach with proprietary AI technology, the Human+ model combining technology with human expertise, faster response times, and transparent processes compared to traditional wholesale brokers.
Main competitors
Jencap, Wholesale Trading Insurance Services, Relation Insurance Services
Key partnerships
New Enterprise Associates (NEA), Goldcrest Capital, Floating Point, Brand Foundry Ventures, ClockTower Ventures, Independent Insurance Agents of Texas (IIAT), Ascend (insurance accounting partnership)
Notable customers
Independent Insurance Agents of Texas (IIAT)
Major milestones
Secured an additional $12 million in October 2025, bringing total funding to $32 million, Named to InsurTech 100 list by Fintech Global in 2023, Came out of stealth mode in October 2023 with initial Series A funding, Announced partnership with Ascend to streamline insurance accounting, Expanded team and platform capabilities with AI-driven technology
Growth metrics
Not publicly disclosed
Market positioning
Positioned as a tech-enabled commercial insurance wholesale brokerage and InsurTech startup, focusing on innovating the distribution side of insurance with AI-powered solutions.
Geographic focus
Based in Austin, Texas, with expansion focus on Southeast and West Coast regions of the US
Patents and IP
No public patents disclosed
About Joey Bouchard
Previously served as Strategy Consultant at Aon Inpoint, Data Science Analyst at Capital One, and Software Engineer at Goldman Sachs. Holds a Bachelor of Arts from University of Virginia in Systems Engineering with concentration in Electrical Engineering and Economics, plus a minor in Business.
Official website: https://www.quotewell.com