EverQuote (NASDAQ:EVER) Chief Financial Officer Joseph Sanborn said the online insurance marketplace is benefiting from a healthier property and casualty insurance industry as carriers shift from restoring underwriting profitability to pursuing policy growth.
Speaking with Needham & Company analyst Mayank Tandon at the Needham Technology, Media, & Consumer Conference, Sanborn said EverQuote’s mission is to help auto and home insurance carriers and agents acquire consumers in the digital age. He said carriers have spent the past several years raising rates after the post-COVID period disrupted supply chains and pushed up costs, but many now have achieved “rate adequacy” and are turning attention to growth.
