InsureLab

Based in the US, InsureLab is an AI-driven Managing General Agent (MGA) specializing in Management Liability insurance products, aiming to streamline the insurance placement process for brokers across the country. InsureLab is an AI-powered MGA that provides Management Liability insurance products. Founded in 2024 and headquartered in Dover, US, the company has completed 1 deal as of April 27, 2025. In that month, InsureLab raised CAD 220,000 in pre-seed funding from investor Antler, marking its initial funding round.

InsureLab specializes in AI-enabled Management Liability insurance products, which include Directors & Officers (D&O) Liability, Employment Practices Liability Insurance (EPLI), and Fiduciary Liability. These offerings aim to protect organizations' leadership from legal actions related to management decisions and employment-related claims. InsureLab's innovative approach allows brokers to convert emailed applications into bindable terms within minutes, enhancing the efficiency of transactions. Their services are accessible in all 50 states, targeting insurance brokers who require quick access to quotes and binding processes.

InsureLab operates on a transactional model that facilitates direct transactions between the company and broker clients. This structure supports a B2B approach, allowing brokers to obtain quotes and bind coverage efficiently. Specific pricing plans for their insurance products are not disclosed, but the company's revenue comes from premium collections on policies issued through its brokers, emphasizing transparent communication and rapid response times to foster lasting broker relationships. In April 2025, InsureLab raised CAD 220,000 in pre-seed funding, which will be utilized to accelerate its growth.

The company plans to expand its product offerings and enhance its insurance solutions. They are also exploring entry into new markets to broaden their reach and service more brokers, although specific regions and timelines for this expansion have not been detailed.