DataBraid secures $1.9 million USD to solve insurance brokers’ “portal hopping” problem

A new, Toronto-based startup has set out to address a “quiet inefficiency” it says has been significantly compressing insurance industry margins: “portal hopping.” “Juggling multiple carrier portals is one of the biggest operational drags on brokerage teams today.” To compare rates, submit applications, and process claims, insurance brokers must hop between a fragmented ecosystem of carrier portals and manually enter the same information repeatedly. This process takes time and money, and can lea