Omaha National is focused on SMEs in the US. Credit: Janno Nivergall from Pixabay.

Omaha National, which offers workers’ compensation insurance, has raised $45m in a Series B funding round led by Accomplice.

The latest round was also joined by HighSage Ventures and Tull Investments.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The tech-driven insurer plans to use the funds to transition to operate as a direct insurance writer and expand its proprietary software.

Established in 2016, Omaha National is focused on small and medium-sized companies in the US.

Omaha National president and CEO Reagan Pufall said: “We see an unmet need in workers’ compensation for a company that employs advanced technology to achieve better claim outcomes and superior underwriting results.

“We have achieved a lot in the past five years but we are just getting started. We are excited to welcome our new investors to join us on this journey.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Accomplice founding partner Ryan Moore said: “We were drawn to Omaha National’s proprietary technology and their forward-thinking culture. We are excited to be supporting their efforts to expand their strategy.”

Omaha National stated that its founding members include executives who built workers’ compensation businesses at other carriers, including Berkshire Hathaway.

Currently, it offers workers’ compensation insurance coverage through over 2,500 agencies and employs nearly 200 people.

Earlier this month, Foxquilt, an insurtech firm focused on small business owners raised $8m.

Foxquilt’s platform leverages data analytics and artificial intelligence to offer business insurance based on business type and requirements.

Its offerings include general liability, professional liability, workers’ compensation, cyber, and commercial automobile coverage.