Easy to place property and casualty coverage available through Layr’s automated platform.

Atlanta, GA -- (ReleaseWire) -- 04/28/2021 -- Layr is delighted to announce a new partnership with Brown & Brown Insurance Brokers of Sacramento and the Placer County Contractors Association and Builders Exchange (PCCA). Layr is collaborating with Decisely Insurance Services, an employee benefits brokerage, retirement, and HR services company, to bring a suite of services to PCCA.

PCCA members will now be able to get fast, hassle-free quotes for their small business coverage online using Layr's AI-powered platform. Layr works with major carriers to create program-style pricing and appetite for contractors and subcontractors. PCCA is already working with Decisely for turnkey solutions for group and individual benefits, HR, and retirement benefits.

"We couldn't be more thrilled to partner with three great organizations like PCCA, Brown and Brown, and Decisely. Layr is well-positioned through these partnerships and our technology to provide commercial insurance products and services to PCCA members in a digital environment," said Layr's Head of Partnerships Josh Morse.

Layr's growing partnership program offers solutions for agents and brokers as well as strategic partners. Agencies and brokerages are provided white-labeled technology and all the tools they need to grow their current book of business or move their small business clients to the Layr platform where service and selling opportunities are handled as a branded multi-carrier service center.

"We are excited to announce the launch of our new platform's seamless insurance experience," said Jeff Murray, President of the PCCA Board of Directors and Broker at Brown & Brown Insurance Brokers of Sacramento. "In partnership with Layr, The PCCA/Brown & Brown Insurance program is just another member benefit which simplifies how contractors run their business so they can focus on growing their business."

About Layr
Layr is an insurtech startup building better insurance. We use Artificial Intelligence (AI) to recommend and match companies with the insurance policies and coverage they need and accurately predict carrier pricing. Business owners complete an application completely online and instantly see a tailored quote that is paid monthly on a credit card. Layr was named to Atlanta Inno's 20 Startups to Watch in 2020 list. Experience it firsthand at withlayr.com. Our growing partnership program delivers the best digital business insurance experience to your customers while your agency remains the agent of record. Learn more at partner.withlayr.com.

About Brown & Brown Insurance
Brown & Brown Insurance was founded in Daytona Beach, Florida in 1939 by cousins J. Adrian Brown and Charles Covington Owen. In 1959, Adrian's son, Hyatt, took leadership of the family business. Under his direction, the Brown & Brown vision of a lean and profit-oriented organization came into focus. Since 2009, the company has continued to thrive under the leadership of Chief Executive Officer (CEO) J. Powell Brown, who became the third generation of the family to guide the company. Powered by a culture that values high performance and perseverance, Brown & Brown is arguably the most efficient operating platform in the insurance brokerage business. Brown & Brown consistently delivers high-quality solutions and services to a broad array of customers. With a precise and focused acquisition strategy, Brown & Brown has become one of the insurance industry's most powerful and influential leaders.

About Decisely
Decisely improves the health of businesses and their employees. Decisely is a benefits brokerage and HR services firm specializing in integrated technology solutions for small businesses. With the right mix of recruiting, benefits, HR, compliance, payroll & licensed support, Decisely technology brings your most essential HR activities onto one platform. Learn more at https://Decisely.com.

About Placer County Contractors Association and Builders Exchange
The Placer County Contractors Association and Builders Exchange (PCCA) is part of the Golden State Plan Service Network, the largest consolidated plan room and builders exchange network in the nation. Their Roseville Office is the leading project provider for this network, responsible for managing 14 counties across the Sacramento Valley and upwards of a third of the total projects entered into the statewide wide planroom database. Their system is backed and supported by 22 individual plan rooms operating locally in their specific regions. Each plan room is responsible for scouring their counties for projects, whether it is public works, residential, commercial, roads, school or any other type of project.

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Layr is one of 12 insurtech startups selected for the second year of BTV, the nation’s first broker-led accelerator program.

Atlanta, GA -- (ReleaseWire) -- 02/25/2021 -- Layr, an Atlanta-based insurtech startup, has been chosen as one of 12 companies across the U.S. and the Netherlands to participate in the 2021 BrokerTech Ventures accelerator program.

BrokerTech Ventures (BTV) is the nation's first broker-led accelerator program, representing 24 of the largest insurance companies and agencies in the United States. Program participants gain access to years of industry experience and wisdom through mentorship with insurance thought leaders, assistance in fine-tuning their technology, the ability to deploy these technologies within the BTV network, and $50,000 in seed investment.

"As we embark upon the second year of our BTV Accelerator, we were thrilled to receive nearly double the applicants with a greater range in diversity, broader spread between P&C commercial and health/benefits-tech solutions, and some of the highest-caliber early-stage and growth insurtech companies," said Dan Keough, Holmes Murphy chairman and CEO and BTV Co-Founder.

Layr is building better business insurance using artificial intelligence. Buying business insurance is a clunky, analog process. Using technology, Layr empowers modern business owners to get the policies and coverage they need in 12 minutes completely online, and pay their premium monthly with a credit card.

"Small business insurance is broken. Traditional methods leave brokers struggling to offer the digital access and experience the market demands," says Phillip Naples, Co-Founder and CEO of Layr. "We've innovated securing and managing business insurance by creating an entirely new and automated process that meets the needs of modern business owners."

"Modern small business owners expect to purchase business insurance like they do everything else - online, instantly," says Andrew Egenes, Co-Founder and Head of Product at Layr. "With no on-demand solution for business insurance, many small business owners are uninsured or underinsured leaving them vulnerable. Layr removes that risk by recommending and matching small businesses with policies from top-rated carriers."

About Layr
Layr is an insurtech startup building better insurance. We use Artificial Intelligence (AI) to recommend and match companies with the insurance policies and coverage they need and accurately predict carrier pricing. Business owners complete an application completely online and instantly see a tailored quote that is paid monthly on a credit card. Layr was named to Atlanta Inno's 20 Startups to Watch in 2020 list. Experience it firsthand at withlayr.com.

About BrokerTech Ventures
Based in the insurance nucleus of Des Moines, Iowa, BrokerTech Ventures (BTV) is the first broker-led convening platform focused on delivering innovation to the insurance broker industry. Founded in 2019, BTV provides a venue for the best minds in insurance and technology to collaborate and bring to market leading-edge ideas and solutions. BTV invests in the research and testing for each of the chosen startups, provides access to veteran industry mentors, and helps scale the technology to market through broker distribution channels. Learn more at www.brokertechventures.com, or follow us on Twitter (@BrokerTechVen), LinkedIn, or Facebook.

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Led by Sandbox Insurtech Ventures with participation from Flyover Capital, Maschmeyer Group Ventures, and Lloyd’s of London

Atlanta, GA -- (ReleaseWire) -- 07/01/2020 -- Layr, an insurtech startup that uses Artificial Intelligence and machine learning to help small businesses customize commercial insurance bundles announced today a $5 million Series Seed round of financing. Sandbox Insurtech Ventures led the round with participation from new investors Flyover Capital and Maschmeyer Group Ventures, and from existing investor, Lloyd's of London. Chris Zock, managing director of Sandbox Insurtech Ventures and Keith Molzer, general partner at Flyover Capital will join Layr's Board of Directors.

"Layr is delivering innovative solutions to stakeholders across the small commercial insurance value chain: carriers, brokers, and most importantly, policyholders. Sandbox is proud to lead this round of investment and looks forward to supporting Layr's first-rate management team during this next phase of the company's growth," said Chris Zock, managing director of Sandbox Insurtech Ventures. "Phillip has deep commercial insurance experience and is executing a unique vision that will enable Layr to grow the business at an impressive rate. We look forward to supporting Phillip and the team," Gretchen Hayes, venture partner at Sandbox, added.

"Layr addresses some fundamental pain points in the industry: the accelerating interest in engaging customers in an efficient, fully digital format and the rapidly evolving customer needs in the small business segment of the market," said Keith Molzer, general partner at Flyover Capital. "With a platform that can deliver efficient and adaptable coverage for SMBs, we think Layr is particularly well positioned during this era of economic uncertainty as small businesses look to get back on their feet in the new environment."

Co-founded in 2016 by Phillip Naples, a commercial insurance broker with more than 20 years of experience and one of his former customers Andrew Egenes, a serial entrepreneur, and incubated in the first cohort of Lloyd's Lab, Layr couples a customer-centric approach with modern technology to automate the time-intensive legacy process of sourcing, purchasing, and managing business insurance through its cloud insurance platform. Since launching the platform in 2018, business owners have been able to generate tailored quotes entirely online in minutes, bind coverage in a few clicks, and pay a bundled premium monthly with a credit card. To date, Layr has placed more than $2B of aggregate coverage limits across thousands of policies through its A-rated carrier partners. Layr also partners with traditional brokers to bring more flexible product offerings and a modern, digital experience to their small commercial clients.

Financing from the seed round supports Layr expanding its use of Artificial Intelligence and machine learning for the next version of its cloud insurance platform which will offer business owners expanded, intelligent recommendations for insurance policies and coverage limits tailored to their company while virtually eliminating the business insurance application process.

"Data suggests that more than 60% of US-based businesses will be owned by Gen Xers and Millennials in the next year. We've created an entirely new and automated process that meets the needs of modern business owners. This round of investment affirms that we're solving a real problem and supporting economic growth by making business insurance more available, understandable, and affordable than ever before," said Layr Co-Founder and CEO Phillip Naples.

About Layr
Layr is an insurtech startup building better insurance for emerging US-based businesses by using Artificial Intelligence (AI) to recommend and match companies with the insurance policies and coverage they need and accurately predict carrier pricing. Business owners complete a streamlined, digital application, instantly see a tailored quote, and can pay their insurance premium monthly on a credit card. To date, Layr has placed more than $2B of coverage limits through its A-rated carrier partners. Layr was recently named to Atlanta Inno's 20 Startups to Watch in 2020 list and the Technology Association of Georgia's Top 10 Innovative Technology Companies 2020 list. Experience better business insurance firsthand at withlayr.com.

About Sandbox Insurtech Ventures
Sandbox Insurtech Ventures unites innovative insurance companies in a fund syndicate model, invests in promising technology start-ups, and drives collaboration between incumbents and insurtechs. The fund team provides a global perspective on insurance innovation and, through investments in best-in-class insurtech start-ups, seeks to provide both attractive financial returns and strategic advantages for investors. Sandbox Insurtech Ventures is part of Sandbox Industries, an established venture capital firm that manages industry-specific funds. Learn more at?www.sbxinsurtech.com.

About Flyover Capital
Flyover Capital, based in Overland Park, Kansas was formed with the mission of creating the next generation of technology success stories outside the traditional tech hubs. Founded by entrepreneurs, Flyover has been supporting Middle America's top founding teams since 2015. Learn more at flyovercapital.com.

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Technology Association of Georgia (TAG) Honors 40 Companies for Innovation and Contributions to the State’s Technology Community

Atlanta, GA -- (ReleaseWire) -- 03/04/2020 -- The Technology Association of Georgia (TAG), the state's leading association dedicated to the promotion and economic advancement of Georgia's technology industry, announced Layr as one of its Top 10 Innovative Technology Companies in Georgia. TAG recognizes this prestigious group at its annual event, The Summit, which takes place March 3-4, 2020 at the Cobb Galleria Centre.

TAG's Top 40 Awards recognize Georgia-based technology companies for their innovation, financial impact, and efforts to raise the profile of Georgia's technology initiatives throughout the US and globally.

"The 2020 Top 40 finalists are an elite group of innovators who represent the very best of Georgia's Technology community," said Larry K. Williams, president and CEO of TAG. "The 2020 Top 40 finalists are shining examples of what makes our state such a hotbed for technology and we applaud them for standing out as leaders in Georgia's technology community."

This year's Top 40, including the Top 10, were selected from more than 100 applications submitted by companies across Georgia. Companies selected for the Top 40 will be showcased in an exhibition at The Summit 2020. Founders and executives of the Top 10 companies will highlight the problems their businesses solve using technology on Wednesday, March 4 during an afternoon presentation session.

"This year's Top 40 was more competitive than ever," said Dennis Zakas, managing partner of Zakas & Leonard, LLP and chairperson of the Top 40 Selection Committee. "In our quest to showcase the most innovative companies in Georgia, we had to make hard decisions, resulting in the exclusion of numerous deserving companies, many of which had been recognized as a Top 10 company in the past. The companies that we selected this year are truly outstanding."

"We've innovated securing and managing business insurance by creating an entirely new and automated process that unlocks value for modern business owners and traditional insurance brokers." says Phillip Naples, Co-founder and CEO at Layr. "Being recognized as a Top 10 Technology Company reinforces our belief that technology can solve the legacy challenges in the insurance industry at scale."

The Summit 2020 will feature internationally recognized keynote speakers, the Top 40 and Top 10 Innovative Georgia Companies competition, the newest inductee into the Technology Hall of Fame of Georgia, 16 breakout sessions on global trend, and a two-day exhibitor showcase. Stop by the Layr booth to learn more about #BetterBusinessInsurance.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

GSU Risk Management Foundation Presents Awards to Leaders Influencing Industry at 6th Annual Riskies

Atlanta, GA -- (ReleaseWire) -- 02/04/2020 -- Phillip Naples, Co-founder and CEO of Insurtech Startup Layr is a 2020 recipient of the Innovator Award. The Innovator Award is presented by the Georgia State University Risk Management Foundation to individuals and companies changing and influencing the insurance and risk management industries in dynamic ways. The award will be presented at the Foundation's 6th Annual Risk Science and Insurance Leadership Awards -- Riskies.

For five consecutive years, the Riskies have recognized active or retired business executives who have demonstrated a career of high achievement and service to the insurance, risk management, or related industry.

David Buechner, Director of the Georgia State University Risk Management Foundation, praised Naples, and Layr's innovative efforts saying, "We're extraordinarily proud of our former student, and we're excited to celebrate his entrepreneurial spirit and fresh thinking at our 6th Annual Riskies Awards."

"Small business insurance is broken. Traditional methods leave brokers struggling to offer the digital access and experience the market demands." says Phillip Naples, Co-Founder and CEO at Layr. "We've innovated securing and managing business insurance by creating an entirely new and automated process that meets the needs of modern business owners."

Layr is building better business insurance using artificial intelligence. Buying business insurance is a clunky, analog process. Using technology, Layr empowers modern business owners to get the policies and coverage they need in 12 minutes completely online, and pay their premium monthly with a credit card.

A recent report from Insurance Journal signals a higher demand for technology-enabled business services by highlighting that in the next year (2021) more than 60 percent of small businesses in the US will be owned by Millenials and Gen Xers.

"Modern small business owners expect to purchase business insurance like they do everything else -- online, instantly." says Andrew Egenes, Co-founder and Head of Product at Layr. "With no on-demand solution for business insurance, many small business owners are uninsured or underinsured leaving them vulnerable. Layr removes that risk by recommending and matching small businesses with policies from top-rated carriers."

About Layr
Layr is an insurtech startup building better insurance. We use Artificial Intelligence (AI) to recommend and match companies with the insurance policies and coverage they need and accurately predict carrier pricing. Business owners complete an application completely online and instantly see a tailored quote that is paid monthly on a credit card. Layr was recently named to Atlanta Inno's 20 Startups to Watch in 2020 list. Experience it firsthand at withlayr.com.

About The Georgia State University Risk Management Foundation
The Georgia State University Risk Management Foundation is a tax-exempt, public foundation organized in 1959 with the approval of the administration of Georgia State University and the Board of Regents of the University System of Georgia. Its mission is to provide the business services community with a vehicle for raising funds to support programs of the university's Department of Risk Management & Insurance, assist in recruitment and retention of top faculty, provide financial awards to deserving students, and promote and support faculty research.

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Stephens brings decades of insurance and risk management experience to insurtech startup

Atlanta, GA -- (ReleaseWire) -- 06/25/2019 -- Atlanta-based business insurance platform Layr today announced that Mark Stephens, managing partner of Canal Capital Advisors and former managing director at Milliman, was appointed to its Board of Directors, effective as of June 15, 2019. Mr. Stephens will also be participating as an investor in a seed round of funding Layr is currently in the process of closing.

"We're thrilled to welcome Mark to the Layr team and can't wait to begin leveraging his deep insurtech knowledge and experience as we continue building the best business insurance experience around," says Phillip Naples, CEO of Layr. "Surrounding ourselves with people of the caliber that Mark embodies will be key to Layr's continued success."

Stephens is former managing director of Milliman Risk Advisory Services and former executive director of The Milliman Risk Institute. With offices in key locations worldwide, Milliman provides enterprise risk modeling and operational risk consulting services. The Milliman Risk Institute supports research efforts to better understand the challenges and best practices for enterprise risk management activities. Previously, Stephens served as CEO of Aon eSolutions Group and as CEO of Aon RiskLabs. In 2011, Aon was ranked the largest insurance broker in the world based on revenue.

"I'm very much looking forward to serving on the Layr Board of Directors," says Stephens. "Layr has transformed the way companies purchase business liability insurance by offering a modern intelligent alternative to the confusing online comparison engines currently available to underserved small businesses."

To find out more about Layr, visit www.withlayr.com.

About Layr
Layr enables companies to get the liability insurance protection they need and pay for it monthly with a credit card. The natural evolution of small business insurance, Layr's AI-powered online platform automates the intelligence of the broker while predicting carrier pricing. It enables business owners to purchase insurance tailored to their company in minutes from a simple, online self-service portal.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Insurtech company’s AI-enabled platform recognized as the future of small business insurance

Atlanta, GA -- (ReleaseWire) -- 05/20/2019 -- Atlanta-based business insurance platform Layr has paved the path for the future of small commercial insurance with its unique, artificial intelligence-powered platform. The startup has secured an investment from insurance giant Lloyd's following a successful experience in the Lloyd's Lab, a cohort of insurtech (insurance technology) startups. Lloyd's support not only shows its commitment to the modernization of its marketplace, but also that they are eager to make it as easy as possible for the U.S. small commercial market to do business with Lloyd's for specialty insurance.

"The world's oldest and most respected insurance marketplace acknowledges that the technology we are creating is the future of small commercial distribution," says Phillip Naples, CEO of Layr. "Layr leverages technologies like artificial intelligence and machine learning, providing the best way to profitably unlock the small commercial insurance market."

Layr's smart technology is a win-win for both the insurance carrier and the small business owner. It provides the easiest, fastest and most cost-effective way for insurance carriers to get their products in front of small business owners, while offering the most positive insurance experience for the small businesses themselves.

Layr is not a quote-comparison engine or lead generator. Instead, its technology sources real-time underwriting data and automates upselling and cross-selling throughout the policy year. It does the hard work for small businesses looking to buy insurance by analyzing their business and making tailored insurance recommendations while predicting what the recommended coverage will cost. What's more, Layr is eliminating the tedious small commercial insurance application and confusing quotes that typically follow it. In just a few clicks, coverage is bound within 48 hours and monthly credit card payments are accepted.

Lloyd's selected Layr to join the first cohort of its London-based Lloyd's Lab of only 10 insurtech startups from hundreds of applicants from all over the U.S. and world. The insurance marketplace behemoth has now invested $150,000 as part of a large pre-seed round Layr is in the process of closing. Trevor Maynard, head of innovation at Lloyd's, will be appointed as a board observer to ensure a close and successful partnership between Lloyd's and Layr moving forward.

"Layr's innovative technology is the exact reason we launched the Lloyd's Lab. Our investment in Layr shows Lloyd's commitment to drive innovation like this within the insurance market," says Trevor Maynard, head of innovation at Lloyd's.

To find out more about Layr, visit www.withlayr.com.

About Layr
Layr enables companies to get the liability insurance protection they need and pay for it monthly with a credit card. The natural evolution of small business insurance, Layr's AI-powered online platform automates the intelligence of the broker while predicting carrier pricing. It enables business owners to purchase insurance tailored to their company in minutes from a simple, online self-service portal.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Layr is the only East Coast company selected from more than 200 applications worldwide.

Atlanta, GA -- (ReleaseWire) -- 09/06/2018 -- Layr announced today that it has been selected to participate in the inaugural cohort of Lloyd's Lab, the InsurTech innovation accelerator by global insurance giant Lloyd's of London. The company beat out more than 200 companies from 36 countries to be among the 10 companies in this first cohort. The 10-week accelerator will operate out of the historic Lloyd's building in London.

"Lloyd's is the world's first and most respected insurance marketplace in existence and their commitment to InsurTech is a positive sign for the insurance industry. I can't think of a better or more prestigious partner to help Layr perfect its AI-powered underwriting and insurance carrier matching technology and look forward to the opportunities that this relationship will provide for us and our customers," said Layr founder and chief executive officer Phillip Naples.

Layr specifically plans to focus on moving closer to application-less underwriting and real-time risk identification for small commercial insurance to provide small businesses with the ability to intelligently purchase and manage their insurance online and with only a few simple clicks.

The Lloyd's Lab will begin on October 8, 2018 and over 10 weeks, the Lab teams will have access to potential funding and the chance to develop products, platforms and processes that will help transform Lloyd's into an increasingly technology-driven market. They will be supported by the Lloyd's market who will offer their insight and expertise to help develop the ideas for their unique needs.

About Layr
Layr is the easiest way for companies to purchase and manage their commercial insurance. Our cloud-based platform walks small business owners through the process of selecting the right business insurance for their company, quoting a monthly price in real time that can be paid with a credit card, and intelligently matching the business with the insurance company best suited to provide the selected coverage. Layr also enables our customers to perform the most common insurance tasks like generating proof of insurance, adding and removing coverage, and filing claims completely online. For more information, visit withlayr.com. For updates, join us on LinkedIn, follow us on Facebook and Twitter, and visit our blog.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm