Tampa-based Homee, a digital marketplace and claims platform for the property and casualty insurance industry, says it had record financial results in the third quarter of 2023.
The company says in a Tuesday news release that it saw 43% growth from the previous quarter, "driven by client expansion and adoption of Homee's industry leading digital claims management software solution."
It was the company's best financial quarter in its history, "demonstrating our sustained growth in the $100 billion property claims market," says Doug Schaedler, CEO of Homee, in the release. "I am pleased to report that we are now able to service all states and all perils by leveraging our marketplace software and highly curated service provider networks. Our proprietary software automatically matches the right claim with the right service professional and delivers an elevated policyholder experience."
Brandon Donatelli, Homee chief revenue officer, says the software's "net effect to our carrier partners is higher policyholder retention and happier adjusters. HOMEE is backed by investment from the insurance industry leading companies."
Homee says it seeks to digitize property claims. Homee's marketplace matches and connects insurers, policyholders and skilled-service providers throughout the lifecycle of a claim. Homee says it is backed by more than $60 million in investment from leading insurance companies such as Liberty Mutual, State Farm, The Hartford and Desjardins.
The company was founded in 2016 by Doug Schaedler and business partner, Dave Theus, and launched in Tampa. It initially sought to be a downloadable app "similar to Uber" because it would feature a map with real-time locations of available electricians, plumbers, HVAC technicians and handymen.