Insight Risk has announced its transition to an independent company following the acquisition of its former parent company, Velocity Risk. With this change, Insight Risk is positioned for accelerated growth and continued leadership in Builder’s Risk insurance and IoT-driven loss prevention.
Now owned by its founders, employees, and early investors, Insight Risk maintains its existing capacity and distribution agreements. The company remains focused on delivering innovative insurance solutions and leveraging IoT technology to drive better risk management outcomes.
“Our mission remains unchanged—preventing property losses by offering superior Builder’s Risk insurance coupled with innovative technology solutions,” said John Dempsey, CEO of Insight Risk. “Reducing total cost of risk (TCOR) for clients while delivering superior returns for carrier partners continues to be our top priority.”
“With strong capitalization and a focus on growth, Insight Risk is well-positioned for success as an independent entity,” added Chad Hollingsworth, President of Insight Risk. “The Builder’s Risk market is embracing technology-enabled loss prevention, and with expanded capacity and unique benefits like the recently announced Alert Response Credit (ARC), Insight Risk offers compelling incentives for customers seeking a comprehensive Builder’s Risk solution.”
As Insight Risk embarks on this next chapter, its dedication to innovation, excellence, and strategic partnerships remains stronger than ever. Further updates will be shared at www.insightrisktec.com and on Insight Risk’s LinkedIn page as the company continues to evolve and expand its impact in the industry.
