–News Direct–
IMA Financial Group and Vouch, leaders in insurance for technology, life sciences and web3, have today announced the formation of a strategic alliance, merging IMA's brokerage expertise with Vouch's innovative coverage.
The alliance disrupts the landscape for innovative tech companies underserved by legacy insurance products. Until now, Vouch has operated exclusively as a managing general agent (MGA), distinguished by its proprietary coverages and direct-to-startup distribution model. IMA is its first retail brokerage partner.
To merge its expertise with Vouchs proprietary insurance products, IMA launched IMA Next.Gen, a new program offering specialized insurance products crafted for venture-backed startups in technology, life sciences and web3. This program fills a crucial market gap, offering unique coverage enhancements and access to 10 exclusive Vouch coverages designed to meet these sectors' rapid innovation and growth needs.
Through this partnership, IMA broadens its insurance solutions, providing comprehensive, tailored coverage for the specific challenges tech enterprises face. IMA clients gain exclusive access to Vouch's specialized tech industry products, with preferred pricing and custom coverage options combining standard and specialized insurance products.
Mark Ware, EVP at IMA, expressed enthusiasm about the partnership: "Partnering with Vouch enables us to enhance our insurance offerings significantly, ensuring our clients, from startups to IPO-ready companies, have access to the best possible solutions."
Sam Hodges, Co-Founder & CEO of Vouch, also remarked on the synergy: "IMA's recognized technology practice and track record with innovation economy clients make them an ideal partner. This collaboration is focused on delivering purpose-built insurance products and experiences for tech businesses."
The IMA-Vouch partnership represents a holistic approach to insurance management, catering to companies across their development spectrum. It provides startups with essential insurance products at competitive rates and evolves with them to offer a more comprehensive suite of services as companies grow.
The IMA Next.Gen program allows clients to leverage Vouch's proprietary insurance and benefits, including exclusive coverage enhancements developed by IMA, as well as the Vouch technology platform. This digital brokerage tool streamlines the insurance process, offering a seamless, user-friendly experience for managing coverage. As clients grow, the program supports their expanding risk management needs, ensuring continuous, tailored insurance support.
"We aim to provide founders with products and services uniquely designed for their specific risks," said Hodges. "Our partnership with IMA is a testament to our commitment to serving technology businesses at every stage of their growth."
About IMA Financial Group
IMA Financial Group is an independent broker defining the future of insurance through comprehensive and consultative risk and wealth management services. A majority employee-owned and managed company, its 2,300-plus associates in offices across the country are empowered by a shared mission to manage risk, protect assets and make a difference. Learn more at https://www.imacorp.com.
About Vouch
Vouch is a US-based provider of business insurance to thousands of high-growth companies that has raised $160 million from top-tier Silicon Valley institutions and investors, including Ribbit Capital, Redpoint Ventures, Y Combinator and Index Ventures. Since its inception in 2018, the company has empowered clients to get risk management right through niche expertise, a proprietary approach to pricing and underwriting, fast, digital-first procurement and coverages that scale as the company grows.
More information on Vouch can be found at https://www.vouch.us. Vouch Insurance Services, LLC (NPN # 19039391) and Vouch Specialty Insurance Services, LLC (NPN # 19926463) are licensed in the states in which they conduct business. Detailed license information is available at https://www.vouch.us/licenses.
Contact Details
IMA Financial Group
Ruth Rohs
+1 303-615-7513
Vouch
Cassidy Clawson
+1 831-247-3750
Center Reach Communications
Alexandra Campbell
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/ima-financial-group-and-vouch-establish-strategic-partnership-to-offer-specialized-insurance-to-tech-enterprises-at-every-growth-stage-585797033
IMA Financial
COMTEX_446832732/2655/2024-01-25T11:59:01
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Sahyadri Times journalist was involved in the writing and production of this article.
