Pathpoint

About Pathpoint

Pathpoint, Inc. operates as a digital wholesale brokerage focused on the excess and surplus (E&S) insurance market. The company was established in 2017 by Alex Bargmann, Bobby Touran, and Jay Palekar, originating from the HVF Labs startup incubator in San Francisco. Initially known as Outline Risk, the firm provides a technology platform designed to streamline the complex and often lengthy process of placing small commercial E&S accounts for retail insurance agents.

The company's core business revolves around its proprietary platform that connects retail agents with multiple A-rated E&S carriers. This technology enables agents to receive bindable quotes in minutes, a significant reduction from the days or weeks typical of the traditional wholesale market. The service is free for retail agents, with Pathpoint earning commissions on the policies they bind through the platform. This model serves to grant agents access to carriers they might not otherwise be able to work with, while helping carriers expand their market reach and improve their market intelligence through data analytics.

Pathpoint is licensed to operate in all 50 U.S. states and functions as a coverholder at Lloyd's of London, distributing both admitted and non-admitted products. The platform caters specifically to small commercial risks, with product offerings that include General Liability, Commercial Property, Excess Casualty, and Cyber Liability. It serves a variety of business verticals such as contractors, restaurants, vacant properties, and lessor's risk (LRO). Key features of the service include a dynamic application that takes less than ten minutes to complete, e-signing capabilities, and 24/7 access for agents to manage their accounts. Since its inception, the company has secured significant funding, including a Series A round, from investors like Caffeinated Capital, Founders Fund, and SciFi VC.