Healthcare Technology Startup InsureMonkey Named to Forbes’ America’s Most Promising Companies Top 100

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Privately-Held InsureMonkey Featured in Forbes' First Annual List For Its Compelling Business Model, Strong Management Team, Notable Customers, Strategic Partners and Investment Capital.

Healthcare Tech Startup InsureMonkey Named to Forbes' America's Most Promising Companies.

Healthcare Tech Startup InsureMonkey Named to Forbes' America's Most Promising Companies.

Being named as one of America’s Top 100 Most Promising Companies is a real honor and recognizes the great products and services created by our people. As it turns out, making something easy is hard work.

InsureMonkey, one of the nation’s top developers of technology for the health insurance industry that makes it easy for consumers and small businesses to shop online for health insurance benefits, was named recently to Forbes’ list of America’s Most Promising Companies 2011.

The Forbes list serves as a distinction for identifying promising new companies and entrepreneurs who have a positive impact and can help revitalize the economy. InsureMonkey was recognized for changing the way in which consumers buy health insurance and was selected for addressing an important consumer and business pain-point in a particularly innovative way while showing impressive momentum.

InsureMonkey CEO and founder, Alex Rivlin, credits his company’s technology staff, customer service and sales teams for its early-stage growth and future potential.

“We’ve been able to assemble a great team of people who share our vision and values,” Rivlin said. “Being named as one of America’s Top 100 Most Promising Companies is a real honor and recognizes the great products and services created by our people. As it turns out, making something easy is hard work.”

Founded in 2009 and launched to the public in October of 2010, InsureMonkey operates in 42 states and boasts partnerships with the nation’s leading health insurance companies. The company is well positioned to help states deliver on requirements to establish competitive health insurance exchanges and is playing a leading role in the burgeoning private health insurance exchange market.

Forbes’ editorial staff vetted InsureMonkey and other up-and-coming companies on both quantitative and qualitative criteria, including business model, financial performance, technology innovation, management quality, notable customers, strategic partners and precious investment capital.

“Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there’s a dearth of public data,” says Forbes Executive Editor Brett Nelson. “We took a more comprehensive approach to evaluate their health and potential.”

To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, BC has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company’s health. Forbes married Mosaic’s data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects. To view the complete list, please visit http://www.forbes.com/ampc.

About InsureMonkey
InsureMonkey develops technology for the health insurance industry that makes it easy for individuals, families and small businesses to buy health insurance. It provides a proprietary quoting and enrollment engine that allows consumers to get free, competitive health insurance quotes from leading companies, personalization tools for educated and informed decisions, and seamless online enrollment.

InsureMonkey.com fully automates the end-to-end quoting, application and enrollment process of becoming insured. It is offered as a free public resource, charges no application fees, no broker fees, and its tools, support and services are free for life. To learn more about how to get the best rates, compare plans and buy health insurance online please visit http://www.insuremonkey.com or call 1-800-771-3739.

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Mark Jolley
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