Leveraging AI-backed technology, HIT can shorten the time required to process insurance underwritings dramatically. Bindable quotes for small employers can be generated in ~2 minutes, compared to up to 2 weeks under the traditional underwriting process. Following a recent business unit realignment, HIT expects to continue to scale its business and expand its distribution channels to target medium sized businesses, which represents a sizable potential market opportunity that HIT believes is under-served. In fact, at ~ $5.7m, Jan.-Feb. '25 revenue represents 50+% growth vs. the same period of 2024 & exceeds full quarter 1Q24 revenue.
