Overview
INREV is an automated surety underwriting platform serving brokers, agents, and agencies in the construction specialty insurance market. Founded in 2021 by Jack Genet and Adam Duff in Nashville, Tennessee, the company built an API-first system that processes contract surety bond applications in approximately 10 minutes -- compared to the industry standard of 1 to 14 days.
The platform underwrites contract surety bonds up to USD 2.5M per bond or USD 5M aggregate, with larger or unconventional submissions routed to INREV underwriters for manual review. It expanded to all classes of commercial surety in Q4 2023 and began writing virtual currency money transmitter bonds in Q3 2023. The system is built on a Next.js web platform and supports electronic GIA signing, automated bond form population, and pre-qualification letter generation.
Since beginning to write business in February 2022, INREV has issued over 5,000 bonds representing more than USD 2 billion in penal sums, with a sub-5% loss ratio after two full years of operation. The company achieved profitability in 2024 and reported over 5x growth in annual GWP and revenue in 2023. As of January 2025, it counts 100+ agency partners and raised a USD 3.75M Seed round from Accelerant, Greenlight Re, Mastodon Ventures, and Grant Park Ventures.
Products & Services
Automated Underwriting Platform
An API-first surety bond underwriting engine that delivers instant decisions for contract and commercial surety bonds. The system handles submissions up to USD 2.5M single bond or USD 5M aggregate account limits without human intervention, and routes larger or complex submissions to INREV underwriters.
Key Features
- Instant underwriting decisions for standard bond submissions
- Contract surety bonds up to USD 2.5M single / USD 5M aggregate
- Coverage for all classes of commercial surety including virtual currency money transmitter bonds
- Backed by Accelerant National Insurance Company (A- AM Best) with T-List fronting by Lexington National Insurance Corporation
Target Users: Agents, brokers, and agencies specializing in surety bonds for construction contractors
Agent Portal
A front-line interface for agents and brokers that delivers immediate approvals or actionable submission feedback, reducing friction in the bond acquisition process.
Key Features
- Immediate approval or detailed feedback on submissions
- Dashboard for program management with bonding line breakdowns
- Automated alerts and account tracking for multiple bonds and accounts
Target Users: Surety bond agents and brokers
Document Automation
Streamlines bond issuance through electronic GIA signing, automated bond form population, and auto-generated pre-qualification letters.
Key Features
- Electronic General Indemnity Agreement (GIA) signing
- Automated bond form population
- Auto-generated pre-qualification letters
Target Users: Agents and agencies managing high volumes of surety bond issuances
At a Glance
- Founded
- 2021
- Headquarters
- Nashville, Tennessee
- Employees
- 11-50
- Funding
- Seed
Category & Focus
- Category
- Underwriting & Risk
- Subcategories
- Automated Underwriting Surety Bond Platform Specialty UW
- Insurance Verticals
- Specialty/E&S
- Target Customers
- Brokers, Agents/Agencies
Customers
- AP
- BB (Brown & Brown)
- Cokinos
- HUB International
- IMA Financial Group
- Palmer & Cay
- Palmer & Wallace
- USI Insurance Services
- Seubert & Associates
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Last updated: 2026-05-11