Profile

Bestow is the leading technology platform for the life insurance industry. Numerous top 50 carriers are digitally transforming their businesses using Bestow technology across all major life and annuity products. Bestow powers the entire value chain with intelligent digital solutions across the customer and policy lifecycle—reducing costs while significantly expanding products and capabilities.

What sets Bestow apart is the platform it developed and pioneered in the life insurance industry. It is not merely another software vendor; Bestow strategically partners with its clients to deliver the most modern end-to-end life insurance solution available in the market today.

Visit www.bestow.com

Key Products

• New Business: They deliver a clean, seamless, and fully integrated buying experience for agents and customers, allowing their brand to shine with a white-labeled look and feel.


• Underwriting: Leveraging automation in as many areas of underwriting as possible, we make it easier for underwriters to receive the information they need to issue an accurate, timely decision, and for carriers to launch an instant decision product.


• Policy Admin & TPA Services: They’ve created a hybrid approach to administering policies with software solutions mixed with BPO services.


• Intelligence: They supercharge sales channels with actionable insights and data modeling capabilities.

Key Executives

• Melbourne O’Banion, CEO & Co-Founder


• Jonathan Abelmann, President & Co-Founder


• Lena Chukhno, Chief Revenue Officer


• Chris Copeland, Chief Technology Officer


• David Malenoir-Evans, Chief Product Officer


• Claire Martin, Chief Financial Officer


• Chris Laia, Chief Legal and Compliance Officer


• Jeremy Bill, Chief Insurance Officer


• Dave Belanger, Chief Security & Privacy Officer


• Laura McKiernan Boylan, Vice President, Underwriting


• Paul Rasmussen Vice President, Partner Success


• Peter Eliason Vice President, Data & Analytics


• Peter Olah Vice President, Engineering


• Pete Schiller Vice President, TPA Services

Customer Insights

“This is an entire generation ahead of what we were doing with our direct-to-consumer. Much superior.”  – AVP, Top 20 Life Carrier

“This is the fastest project I have worked on in the last 20 years. Just a testament to how great our teams have worked together.” – Director of Product Management, Top 20 Life Carrier

Investors

Bestow is backed by

• Valar


• Hedosophia


• Sammons Financial Group


• NEA


• 8VC


• Morpheus


• Core Innovation Capital


• Breyer Capital

News and Press Releases

• February 2024: Tickets and Bugs: 18 Tips for Creating Prioritization Protocols (Read).


• February 2024: LaSalle Vaughn of Bestow on 5 Things You Need to Be a Highly Effective C-Level Leader of a Fintech Company (Read).


• January 2024: Meet the Winners: D CEO, Dallas Innovates Honor Top Innovators at 2024 Awards (Read).

To view their full press release, click here.

Competitors

• Accenture (ALIP)


• Oracle (OIPA)


• Verisk

Corporate Responsibility

Bestow values diversity and is committed to hiring, recruiting, and promoting individuals regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, pregnancy or maternity, veteran status, or any other status protected by applicable law. The company prioritizes creating a safe and comfortable work environment that encourages individualism and authenticity in every team member.

To foster an inclusive environment where employees feel empowered to share their experiences and ideas, Bestow supports the creation of Employee Resource Groups (ERGs). Currently, the company has two ERGs, which play an integral role in advancing Bestow’s dedication to talent diversity, inclusion, belonging, and employee professional development.

Bestow is also committed to reducing its environmental impact:

• Remote-first means reducing their team’s carbon footprint by up to 54%.


• They’re reducing paper waste industry-wide with digitized apps, policy documents and more.


• Their headquarters in Dallas, Texas, is LEED® Gold certified.