Gather empowers small businesses (SMB) to self-insure their health coverage. We do this by allowing groups of SMB’s to quickly and easily form “captive” insurance companies thru our online platform. Captives are insurance companies that are owned by the businesses that they insure. This gives SMB’s greater control over their health care costs and better incents owners and employees to act responsibly (e.g. seeking out preventative care and keeping claims low).

As owners in the insurance company, SMB’s are entitled to the money left after paying claims, which will be paid out as a discount at renewal. This not only promotes loyalty, but it also means SMB’s with fewer claims will dramatically lower their their health care costs. An SMB with 10 employees could be paying $150k to $250k (depending on state and familial status of their employees). Businesses with below average claims could save 20 - 40% of this cost thru Gather. This savings can be the difference between going out of bus...
Gather empowers small businesses (SMB) to self-insure their health coverage. We do this by allowing groups of SMB’s to quickly and easily form “captive” insurance companies thru our online platform. Captives are insurance companies that are owned by the businesses that they insure. This gives SMB’s greater control over their health care costs and better incents owners and employees to act responsibly (e.g. seeking out preventative care and keeping claims low).

As owners in the insurance company, SMB’s are entitled to the money left after paying claims, which will be paid out as a discount at renewal. This not only promotes loyalty, but it also means SMB’s with fewer claims will dramatically lower their their health care costs. An SMB with 10 employees could be paying $150k to $250k (depending on state and familial status of their employees). Businesses with below average claims could save 20 - 40% of this cost thru Gather. This savings can be the difference between going out of business and remaining profitable for an SMB and is particularly important now considering the Affordable Care Act has placed additional burden on SMB’s to provide coverage for their employees.

We’ve coupled this transformative business model with a modern technology stack and elegant solutions to the biggest problems in insurance. Applying for insurance shouldn't be painful. We make it easy and strive for "one-click buying" (i.e., we populate the majority of the application information via API's such as LinkedIn, Facebook, Quickbooks, etc.). We leverage non-traditional data in underwriting but also to help keep claims low thru fitness tracking software (e.g. Misfit).
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