A-Rod-Backed Insurtech Ranger Insurance Launches in Arizona

Ranger, an “agent-first insurance technology company,” has launched in Arizona in what is planned as the first state in a multi-state national rollout.

Ranger touts itself as an insurtech to elevate the role of the insurance agent with a full-stack software solution. The company reportedly has agents on-the-ground and is actively recruiting throughout the state.

“Arizona has five of the fastest growing cities in the U.S. with property values exceeding twice the national average. This rapid change in home values in a short period of time is resulting in many homeowners unknowingly underinsuring their homes by $100,000 or more and putting at risk their greatest financial asset,” Greg Garrison, CEO of Ranger, said in a statement.

Ranger reports that insurance agents are able to:

• Get paid via a compensation model that rewards agents for how well-protected clients are and their ability to foster relationships that generate referrals.
• Be more client-centric using technology that replaces manual transaction workflow with a digital platform.
• Earn more through increased productivity and exclusive marketing tools.
• Achieve holistic business training with a platform to help agents transition from individual producers to business owners.

Ranger raised $5.3 million in seed round in 2022, led by industry veterans and backed by major investors including Lerer Hippeau, Alex “A-Rod” Rodriguez and Montauk Ventures.