Briza

The core of Briza's business is its unified API that connects insurance carriers with distributors, such as independent agencies, brokerages, wholesalers, and other software platforms. This infrastructure is designed to translate and aggregate multiple carrier APIs into a single, developer-friendly platform. For distributors, this significantly reduces the time and expense of integrating with individual carriers one by one, allowing them to build and launch digital marketplaces for commercial insurance in a fraction of the traditional time. The platform enables functionalities for quoting, binding, and payment for various small business insurance lines, including Business Owner's Policy (BOP), General Liability, and Workers' Compensation.

For insurance carriers and Managing General Agents (MGAs), Briza acts as a distribution channel, connecting their automated underwriting models to a wide array of digital marketplaces, both within and outside the traditional insurance ecosystem. The company's business model involves charging a small processing fee for each policy purchased through its platform. By positioning itself as a neutral party with no investment from insurance carriers or brokerages, Briza can work without conflict across the entire ecosystem. The company has secured partnerships with numerous carriers, including Liberty Mutual, CNA, Hiscox, and Berkshire Hathaway Guard. After raising a $3 million seed round in 2020 and an $8 million Series A in 2021, Briza has focused on expanding its engineering team to integrate more carrier APIs and enhance its platform capabilities.