Honeycomb Insurance Expands Reach with Trisura Partnership
New York, Wednesday, 6 August 2025.
Honeycomb Insurance partners with Trisura to boost its admitted capacity in 18 states, following a doubling in sales last year. This aligns with Honeycomb’s strategic growth plans.
Strategic Partnership for Expansion
In a strategic move to expand its admitted capacity across 18 states, Honeycomb Insurance has partnered with Trisura Insurance Company. This collaboration comes on the heels of a remarkable performance by Honeycomb, which more than doubled its sales in 2024 while maintaining superior loss ratios [1]. Trisura, headquartered in Canada and publicly listed on the Toronto Stock Exchange under the symbol ‘TSU’, brings a wealth of expertise to the partnership, operating extensively in the Surety, Warranty, and Corporate Insurance sectors [1].
Impact on Market Position
The partnership is set to significantly bolster Honeycomb’s position within the competitive U.S. insurance market, enabling it to meet growing capacity demands. Honeycomb plans to leverage Trisura’s extensive industry credibility and operational reach [1]. According to Itai Ben Zaken, Co-Founder and CEO of Honeycomb Insurance, the collaboration reflects the market’s confidence in Honeycomb’s innovative model for long-term growth and profitability. Michael Beasley, President & CEO of Trisura, echoed this sentiment, highlighting Honeycomb’s strong underwriting discipline and robust vision for expansion [1].
Technological Edge in Underwriting
Honeycomb Insurance distinguishes itself through its proprietary underwriting engine, which employs advanced computer vision and artificial intelligence (AI) to conduct risk assessments at scale. This technology allows for precise evaluation of each property, ensuring competitive pricing and tailored policies for diverse clientele [1]. The deep-tech digital insurer is making significant inroads by offering customized coverage solutions tailored to landlords and condominium associations, with operations spanning across 18 major states in the U.S. [1].
A Broader Industry Context
Within the context of broader industry trends, the Honeycomb-Trisura partnership exemplifies a growing emphasis on strategic alliances to foster innovation and meet evolving customer needs. As the U.S. insurance market continues to expand, companies like Honeycomb are poised to take advantage of cutting-edge technology, like AI and computer vision, to enhance service offerings and improve underwriting efficiency [2]. This emphasis on technology-driven growth positions Honeycomb well within the industry landscape [1].