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What they do
Investment Thesis
What they do
Leading provider of insurance, employee benefits, and retirement solutions
Innovative platform is 'modernizing' the insurance brokerage business:
- Gives insurance professionals the tools to increase productivity
- Efficiencies have led to growth in average book size that's 2x the industry average
- Platform also delivers a better customer experience
Business model designed for scale:
- Newfront 'partners' with insurance professionals, as opposed to 'displacing' them
- Marrying existing relationships that insurance professionals have with a more efficient platform/technology is a winning recipe
Investment Thesis
Business has already achieved an impressive level of success
- PROFITABLE
- Growth rate exceeds the industry average
- Established client base is 'sticky' and offers strong organic growth potential
Large market opportunity
>$250 billion worth of market cap across key industry players such as:
- AON
- Marsh
- Willis Towers Watson
Proof is in the pudding
- With each passing month, more and more insurance professionals are coming onboard and bringing their book of business with them
- The partnership model coupled with the benefits of its tech platform make for a winning combination
