Venture-backed insurtech startup FutureProof Technologies and Bridge Specialty Group have launched a new personal lines property insurance program designed to provide excess and surplus (E&S) coverage to apartments and renters in disaster-prone regions of the southeastern United States, including Florida and Texas.
Global insurance wholesale broker Bridge Specialty Group will leverage its distribution network and carrier capabilities to drive product sales and retail agent appointments.
Leveraging these assets, Bridge Specialty Group aims to build best-in-class solutions for the Southeast’s personal insurance market.
The partnership combines FutureProof’s AI-powered underwriting technology that delivers instant quotes with Accelerant’s data-driven risk exchange.
The program is designed to address traditional coverage shortages caused by severe weather and is designed to provide necessary capabilities. Bridge Specialty Group will assist retail organizations by providing personal product line expertise and broad market access to increase speed of placement and adapt to disaster-stricken areas.
“Apartment and rental policyholders in disaster-prone states like Florida and Texas are among the most underserved states in the United States,” said Alisa Valderrama, co-founder and co-CEO of FutureProof Technologies. “By partnering with Accelerant and Bridge, we can bring an AI-driven view of risk to a severely underserved segment, delivering fast, accurately priced coverage to those who need it most.”
Since the launch of MGA and agencies in August 2024, FutureProof’s total insured value has exceeded $1 billion, demonstrating the efficacy and huge market demand of FutureProof’s AI-driven technology.
By analyzing granular property-level data, FutureProofs’ technology platform facilitates an end-to-end automated underwriting process that generates highly predictive quotes in real time.
Accelerant’s risk exchange provides FutureProof with the stable, long-term capabilities needed to grow the program with confidence, as well as the data analytics infrastructure and operational support, allowing MGA to focus on what it does best: profitable underwriting.
FutureProof’s API-driven platform enables assignees to receive instant quote instructions, streamlining the placement process and providing agents with powerful new tools to serve clients in historically difficult-to-place markets.
“FutureProof has built something truly different,” said Joe Failla, chief operating officer of Bridge Specialty Group. “Their ability to provide instant, AI-priced quotes to apartments and renters in Florida and Texas gives our retail brokers a competitive advantage in markets where finding quality coverage is challenging. Bridge will bring this capability to market with our wholesale personal lines platform, combining professional agent support with broad market access to help agencies serve clients who are struggling to find options.”
