A better model for business insurance

These days businesses have enough to worry about without thinking about their insurance. Unfortunately, tasks like managing insurance claims and completing annual renewals require a lot of thinking.

The startup Newfront Insurance is seeking to modernize the industry with digital tools that simplify insurance processes for brokers and businesses. The company’s platform automates tedious administrative processes for brokers while streamlining a number of repetitive tasks that have traditionally taken up customers’ time and headspace.

“More than half of a broker’s day is filled with administrative work — filling out forms, data entry, following up with underwriters — stuff they don’t like and they’re not very good at,” Newfront co-founder and CTO Gordon Wintrob ’12 says. “If you look at the rest of a broker’s day, it’s this really high-value consulting work where they’re understanding…

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