Insurance Underwriting Business Success Stories [2024]
Looking for a challenging yet rewarding business opportunity? Consider insurance underwriting.
Insurance underwriting involves assessing risks for insurance applicants and determining if the risk is acceptable, as well as the terms and conditions of the insurance policy. The work consists of a meticulous evaluation of data, analyzing financial statements, examining medical histories, and applying risk assessment models.
This business allows you to utilize your analytical skills in a high-stakes environment where your decisions can impact both clients and insurers. As the demand for personalized insurance plans grows, there’s plenty of room for innovation and niche market targeting. Becoming an underwriter offers stability and the potential for growth, whether you work independently or partner with a bigger firm.
If you have a keen eye for detail and enjoy problem-solving, starting an insurance underwriting business could be your path to a fulfilling career.
In this list, you'll find real-world insurance underwriting business success stories and very profitable examples of starting a insurance underwriting business that makes money.
1. FAB INSURANCE ($3M/year)
Fabien, the founder of FAB FRENCH INSURANCE, came up with the idea for his business after working with insurance agents and online brokers in France during his previous marketing agency. He realized the potential in serving the English-speaking community living in France, and after partnering with websites in this niche, his business took off. In just six years, with an initial investment of $10K, Fabien has achieved a turnover of over $2.5M and continues to grow.
How much money it makes: $3M/year
How much did it cost to start: $10K
How many people on the team: 8
Fabien grew FAB FRENCH INSURANCE from scratch with just $10k, achieving a turnover of over $2.5M after just six years in business, by focusing on the English-speaking community living in France and using affiliate marketing and automating the quotation process online to streamline lead generation and weed out customers who weren't willing to get into the sales funnel.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
