Honeycomb Insurance Expands into Oregon with Customized Coverage Solutions

Honeycomb Insurance has expanded its operations to include Oregon, marking the digital Managing General Agent's (MGA) presence in its 21st active state. Specializing in customized property and casualty insurance for landlords and condominium associations, Honeycomb delivers innovative solutions in markets experiencing limited coverage options and significant regulatory compliance requirements.

This strategic expansion into Oregon addresses the challenges property owners and landlords face. Tightened underwriting practices and reduced coverage capacity, particularly for older buildings with traditional infrastructure, affect areas like the Portland-Eugene I-5 corridor. There, demand for stable and comprehensive insurance options has risen as traditional carriers implement more restrictive policies.

Honeycomb distinguishes itself with tailored, property-specific pricing and rapid underwriting processes that enable agents to efficiently place well-maintained properties, regardless of their age. This novel approach provides a stable and reliable alternative for Oregon's landlords and property owners who seek more predictable risk management and regulatory compliance solutions.

Agents working with Honeycomb benefit from the company's AI-driven, expedited quoting system, which requires only a physical address to determine initial eligibility. This feature helps agents quickly identify prospects likely to receive competitive quotes, optimizing their efforts towards securing bindings from payers who value efficiency.

Technology-Driven Insurance Solutions

Itai Ben-Zaken, Co-Founder and CEO of Honeycomb Insurance, emphasizes the need for dependable and scalable insurance partners in Oregon. He states, "Our platform allows us to underwrite each property individually with ease and precision, offering sustainable, long-term coverage to brokers and property owners." With coverage extending over $90 billion in real estate value across 21 states, Honeycomb has demonstrated robust annual growth while maintaining disciplined underwriting practices.

The company's innovative approach includes proprietary technology designed for automated claims processing and competitive pricing, eliminating the need for physical assessments. Honeycomb Insurance operates with a focus on technological advancements in the insurance sector and plans further geographic expansion to meet increasing demand. Headquartered in Chicago, the company has additional offices in the U.S. and Israel.

This strategic growth aims to ensure consistent renewal pricing with minimal annual premium changes, solidifying Honeycomb’s reputation as a progressive player in the real estate insurance market. For inquiries, contact:

Ofir Zimber

+1-347-843-5223

Ofirz@tellny.com