Insurtech Pie Insurance buys carrier from Premia to go full-stack

Pie Insurance, a growing insurtech company that specialises in workers’ comp insurance for small businesses, has achieved a first-step in its ambition to become a full-stack insurtech, by acquiring a carrier from legacy player Premia Holdings Ltd.

Pie announced today that its Pie Carrier Holdings entity has now received regulatory approval from the Illinois Department of Insurance to acquire carrier Western Select Insurance Company.