LOOP: A mission-driven MGA, using real-time driving data for fair auto insurance, eliminating bias, and driving systemic change.
Location
Austin, TX, US
Founded
2020
Loop is an innovative auto insurance provider focusing on fair and equitable coverage. Using predictive models and real-time driving data, Loop eliminates biased factors like credit scores, zip codes, and job titles from their pricing equation. The company's approach centers on how and where customers drive, offering transparent and data-driven insurance quotes.
As a mission-driven Managing General Agent (MGA), Loop aims to drive systemic change in the insurance industry. The company is backed by top-tier venture capital firms and institutional investors. Loop emphasizes community reinvestment and local impact, providing customer care through real people and prioritizing honest pricing based on actual driving behavior.
