In a bold step to resume the future of independent insurance, similar parts have officially launched with $ 10 million in acquisition capital, supported by similar ventures and Max Ventures. Austin-based startup is not your specific insurance player-it is a next generation agency to mix state-of-the-art artificial intelligence on a mission with powerful human relations that have long defined the insurance industry.
A human-focused technique revolution
Equal part is taking a fresh stance in an industry plagued by consolidation and digital fatigue. Instead of changing human agents with chatbott or fully automated workflows, the company is increasing human touch with AI-managed infrastructure that deal with back and forth.
Think less about automation for automation, and more about the equipment that enhances agents’ capabilities: auto-generating quotes, wisely risk portfolio management, and actionable insight for cross-cells and upstairs opportunities-all the customers who have the highest value without compromising individual relationships.
“In equal parts, we believe that the future of insurance is equal parts innovation and relationships, similar parts technology and tradition,” Said Mike VitteCEO and co-founder. “The winner in this space will be the one who takes both those parts to the peak – and we are exactly to do the same.”
There is no stranger to score vitas service-operated businesses. He first co-established the Workrise (Rigup), converting it into a $ 2.9 billion energy service platform. Now, he is applying the same playbook to insurance – starting with small but powerful independent agencies.
Why does it matter now
Time may not be more important. The independent insurance sector is on the verge of a large -scale generation -based business – 50% of agents are expected to retire within the next decade, and less young professionals are entering the professional area. At the same time, many agencies are cumbersome with fragmented software, manual processes and chronic systems that prevent growth.
Enter equal parts.
The company aims to acquire agencies with less than $ 5 million in revenue – a section that is often ignored by traditional private equity – and infects them with machine learning tools that handle repeated tasks such as documentation, client onboarding, and claim management.
By automating the work of grunt, the agents are free to focus on: customer service, strategic advice, and relationship-building.
Who is behind equal parts?
The founding team brings deep technical and operational expertise:
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Mike Vitte, CEO, had earlier enhanced the functioning in a multibilian-dollar platform.
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Mike Meller, the head of operations, led the work acquisition strategy and brings a sharp look for development through M&A.
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Graham Yani, the head of technology, specializes in applied machine learning, creating AI solutions that solve the real -world business problems rather than the chase buzzwords.
Yani and his team focus on deploying intelligent systems that serve as a force multiplier – not a replacement – for human expertise. Natural language processing (NLP) to understand customer communication in their tech stacks, future stating analysis for customer retention, and A-assisted CRM tools that streamlide complex workflows.
Similar parts approach: Different by design
Where most private equity firms see insurance agencies as cost cut opportunities, similar parts show the ability to grow through empowerment. Their model does not just preserve the culture of these agencies-it modernizes it, with the first mindset with people.
“Our technology does not replace human element,” Said Festival, “This increases this by removing the administrative burden that often prevents the owners of small businesses from prioritizing customer-focused work.”
The company has already stopped its first acquisition, which has many more tracks in the next 90 days. This begins what they say a new era of A-Nhens Insurance, concentrated people.
Building a better ecosystem, a agency at a time
The same part is more than only one roll-up strategy-this is a movement. With each acquisition, the company brings agencies to a collaborative platform, where they maintain autonomy by achieving access to supercharged devices.
Agents get a seat on the table. Customers get better service. And the whole industry gets a very important upgrade.
The company’s extensive goal? To introduce a new generation of technology-loving insurance professionals who do not have to choose between innovation and sympathy.
