The insurtech, which is transforming how large-scale, complex commercial risks are transacted in the $100bn Excess & Surplus (E&S) market, will use the funding to support expansion into new industry verticals and accelerate product development. arqu is scaling up its ability to tackle larger and more diversified risks, recently launching portfolio-level analytics for its teams.
According to reports, arqu’s broker teams can analyze complex risks from national property portfolios to large-scale loss schedules.
Now working with 20 of the largest retail brokerages in the country, arqu recently placed its largest single placement (multi-million in premium) and is on track for its largest production quarter since inception. With the Series A funding, the insurtech will grow beyond Construction and scale into Real Estate, Energy and Environmental near-term, with additional verticals targeted for 2025.
David Silverman, General Partner at Crosslink Capital, stated, “arqu is not just building a better wholesaler, it is redefining how wholesalers operate and create value by making data and technology central to its approach and maximizing the potential of its brokers.”
Chi Lee, Co-founder and CEO of arqu, said, “We empower our broker teams with technology to provide unparalleled service to our retail brokerage customers and be the best pre-underwriting partners for our capacity providers. With the E&S segment on track for its seventh consecutive year of double-digit growth, we see data-driven broking as the key to managing large-scale commercial risks in an increasingly challenging world.”
