Quick Insured Brokerage

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Quick Insured Brokerage - overview

Established

1998

Location

Medina, OH, US

Primary Industry

Insurance

About

Quick Insured Brokerage is a US-based company specializing in insurance brokerage services, focusing on providing agents with essential tools for managing Medicare Advantage and Prescription Drug Plan clients efficiently. Quick Insured Brokerage, founded in 1998, operates as an insurance brokerage firm based in Medina, US. The company was acquired in January 2021 by Ritter Insurance Marketing, a portfolio company of Century Equity Partners, allowing it to integrate advanced technology into its service offerings. Quick Insured Brokerage offers a suite of services designed for Medicare Advantage and Prescription Drug Plan agents.


Its primary product, the Integrity MedicareCENTER platform, serves as a comprehensive digital solution for agents to manage client interactions, facilitating quoting, comparison, and enrollment. Additionally, the company provides a Platform CRM to streamline operations, tracking applications, downlines, and leads to enhance sales and client engagement across the United States. The revenue structure of Quick Insured Brokerage is derived from subscription fees for the MedicareCENTER platform, partnerships with insurance carriers, and service fees related to its CRM functionalities. Agents utilizing the platform pay for access, while earning commissions based on sold policies, establishing a performance-based revenue model.


Specific pricing details for subscription plans or service fees are not disclosed. Following the acquisition by Ritter Insurance Marketing in January 2021, Quick Insured Brokerage plans to leverage Ritter's technology, notably the Ritter Platform CRM and Medicareful enrollment platform, to enhance its service offerings. The company aims to expand its presence in additional markets by integrating new products designed to improve agent efficiency and client service. Specific geographical regions for expansion have not been disclosed, but the strategic integration of technology is expected to facilitate growth initiatives.


Current Investors

Ritter Insurance Marketing

Primary Industry

Insurance

Sub Industries

Brokerages, Insurance Intermediaries

Website

www.quickinsuredbrokerage.com

Company Stage

Add-on

Total Amount Raised

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Quick Insured Brokerage - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
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