Insurance Solutions

Insurance Solutions provides a comprehensive range of insurance and financial services, specializing in employee benefits, risk management, and human resources consulting, aimed at protecting and enhancing client assets. Founded in 1989, Insurance Solutions is based in Annapolis, US, offering multi-disciplined insurance services. The company was acquired by The Hilb Group, LLC in October 2020, expanding its operational network. Currently led by CEO Madan Gupta, the firm has successfully provided tailored insurance solutions and consultation services to a diverse client base.

Insurance Solutions specializes in employee benefits brokerage and consulting, human resources consulting, and risk management services. The firm serves over 950 clients with a dedicated workforce of approximately 170 professionals, focusing on creating customized insurance solutions that meet the specific needs of businesses across various industries in the Mid-Atlantic region. The revenue model of Insurance Solutions is based on fee-for-service arrangements for consulting services and commission-based transactions for insurance placements. The firm engages clients for services including benefits consulting and compliance assistance, generating income through ongoing service agreements tailored to client needs.

With the acquisition by The Hilb Group in October 2020, Insurance Solutions plans to leverage its expanded capabilities to introduce new product offerings aimed at enhancing employee benefits services. The firm is targeting expansion into new geographic markets, particularly within the Mid-Atlantic and Northeast regions of the US, in the coming years. Recent funding will support these growth initiatives, allowing the company to develop innovative solutions to better serve its expanding client base.