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ThreeFlow

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ThreeFlow | A Benefits Placement System

Chicago, United StatesFounded 2015Other B2B Software

Valuation $100–250M Last recorded · 2021

Revenue $10–50M Latest reported FY

Headcount 100–500 Current team size

Total funding $50–100M Disclosed equity funding

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About ThreeFlow

ThreeFlow is a startup that operates in the insurance technology (insurtech) sector, providing a Benefits Placement System (BPS) for brokers and carriers. This system is designed to enhance collaboration between these parties, helping them to maintain their relationships and assist employers in making optimal benefit decisions. The BPS is specifically built for the benefits industry and supports the entire placement process, from data collection to underwriting review, client presentation, and implementation.

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ThreeFlow's BPS is a shared system that accounts for the intricate workflows and relationships across brokers, carriers, and clients. It provides real-time visibility, enabling brokers and carriers to deliver the best possible outcomes for their mutual clients. The system also addresses the end-to-end needs for renewals and new business.

The startup's business model revolves around providing this software to brokers and carriers, likely on a subscription basis, which generates revenue for the company. ThreeFlow also leverages artificial intelligence (AI) and data insights to improve insurer-broker collaboration and decision-making processes.

The company's market includes insurance brokers and carriers, and potentially extends to employers seeking to make informed benefits decisions. The startup operates in the broader insurtech market, which is characterized by the use of technology to enhance and streamline the insurance industry.

Source: Dealroom company data