Another year is on the books at Coterie Insurance, bringing us to reflect on what we’ve accomplished in twelve months, and to look ahead at what’s on the horizon. As a once small, budding insurtech, and now an organization with over 100 team members, we came a long way in 2021.
Let’s look back at some of our milestones and proud moments from 2021…
We started 2021 off in earnest with nearly every team member hitting the phones to talk to agents and brokers. We listened to their concerns, shared what Coterie is out to do and learned a lot. Take a look at our co-founder and Chief Strategy Officer Tim Metzner’s take on this time.
We are proud to have closed numerous partnerships this year, both with other insurtech companies and with aggregators. Partners like Goosehead Insurance and Agentero enabled us to reach more agents and brokers while partnerships with Ask Kodiak and IVANs allowed us to expand market opportunities. Compared to 2020, our partnership reach grew by 1550%. Shout-out to all of our amazing partners who helped make 2021 a banner year for us!
We’re thrilled to report that our Coterie has grown, and we now have over 100 team members. We have added 78 employees in the past twelve months to be precise! While there is admittedly strength in numbers, it isn’t just about the number of people who work at Coterie Insurance. It’s been incredibly special and rewarding to grow our team with highly skilled and passionate individuals – all who embody our core values and live our culture daily.
Out of all of our memories this year, our first annual CoterieCon stands out. This weeklong all company convention brought our remote team together for in-person collaboration and to learn from one another. While we value the flexibility of being a fully remote company, it was a special week spending time together in person, discussing new ways of working together, and welcoming new team members to our unique culture.
We also celebrated our third birthday this year. Our CEO David McFarland reflected on his journey. We also made a fun video to celebrate!
We knew we’d need resources to sustain our growth in 2021 and beyond. Not only did we announce our oversubscribed Series A funding round in February, mid-year our co-founder and CEO, David McFarland, ventured out on a Series B fundraising campaign. After many meetings and many pitches, Coterie Insurance announced the raise of $50M in October! Our co-founder and CSO, Tim Metzner, shared the lessons learned as a startup through the Series B fundraising journey.
With an exciting raise came additional recognition for the special things Coterie Insurance accomplished in 2021 and our plans for 2022. We were honored to be awarded the Best InsurTech in the 2021 Benzinga Global Fintech Awards, ranked #1 Company with the Best Benefits in Cincinnati, and listed as one of 2022’s Best Tech Startups in Cincinnati by Tech Tribune. We were also honored to be recognized as an outstanding employer in the insurance industry by Business Insurance. We remain extremely proud and humbled by these awards!
Our incredible leadership team was also recognized for their innovation and guidance with a feature on our CEO David McFarland in Authority Magazine, a Beyond the Policy podcast guest appearance with our VP of Scaling, Ann Boger and a Spot On Insurance podcast interview with our CSO, Tim Metzner – to name a few.
With all this success coming our way, it was important to give back and show our appreciation to the agents, brokers and partners who helped us reach some major milestones. In the fall of 2021, we announced our Scholarship program designed to help incredible agents and brokers across the country obtain their CISR and CIC accreditation. Our first class of agents was announced before the end of the year, and we’re looking forward to continuing the program through 2022. We also gave back through our Agents for Communities contest where we awarded two agents with $2,500 each for their inspiring impact in their communities.
2021 was an incredible year of growth for Coterie Insurance. From new team members to new features, we kept ourselves busy! We were able to expand our offerings throughout the year with the release and launches of:
- Hired and Non-Owned Auto (HNOA)
- Restaurant suite of coverages
- Expanded offerings in California
- Opening up in New Jersey
- Quick Quote
If you missed any of this exciting news, make sure to head over to our Producer Resources page or our Newsroom where we share all the latest Coterie Insurance updates.
It’s been a whirlwind of a year, and we’re looking forward to a new set of challenges, product improvements, and growth as an insurtech in 2022. Thank you to our small businesses, agents, brokers, and partners for your support. We wouldn’t be where we are without you.
We wish all our partners, agents brokers and small business insureds a happy and healthy start to the new year!
