Technology-based workers’ compensation and payroll services provider Omaha National Group, Inc. has announced a $ 45 million Series B funding round led by Accomplice. The company said it plans to use the funds to support its transition to a direct insurance underwriter business and to further expand its proprietary software.
Omaha National is currently a general management agency providing coverage from Preferred Professional Insurance Co.
“We are seeing an unmet need for workers’ compensation for a company that uses advanced technology to achieve better claims and superior underwriting results,” said the president and chief executive officer. Omaha National leadership, Reagan Pufall. “We’ve accomplished a lot in the past five years, but we’re just getting started. “
Since its launch in 2016, the MGA has more than 190 employees and more than $ 120 million in program bonuses. It offers coverage through more than 2,500 branches.
Investors HighSage Ventures and Tull Investments joined Accomplice in the $ 45 million Series B round. Agman, a Chicago-based investment firm, remains the lead investor and founder.
Omaha National boasts proprietary software that it says improves operations to better help customers and injured workers, while generating “consistently compelling loss ratios.”
Funding talent in workers’ compensation
Was this article helpful?
Here are other articles you might like.
Interested in Funding?
Receive automatic alerts for this topic.