Blueprint raises $16M Series B to grow its title-focused insurtech business

by RJ Shara | Sep 1, 2021 | Fundings and Exit, Startups

Blueprint CEO Steve Berneman thinks that the $18 billion title insurance business must truly be a $10 billion market. It was, our company believe, the very first time a startup gone over shrinking its market. Blueprint, in contrast, offers to professional groups looking for a much better title insurance coverage experience. Title insurance, Berneman stated, has around a 1%to 4%declares rate, far lower than vehicle insurance coverage, to choose an example. As part of its funding round announcement, Plan likewise revealed that it has actually bought Southwest Land Title Insurance Coverage Company, an underwriting company. Plan, similar to Next Insurance coverage, is a startup bet that selling insurance to organization consumers will show to be a lucrative effort. …