Honeycomb Insurance Expands with New Chicago Headquarters
Chicago, Tuesday, 8 July 2025.
On 8 July 2025, Honeycomb Insurance inaugurated a 15,000-square-foot headquarters in Chicago, highlighting its rapid growth and commitment to redefining property insurance through innovation and collaboration.
Strategic Expansion and Innovation
Honeycomb Insurance, a prominent leader in the insurtech sector, made strides by inaugurating a new headquarters in Chicago as of July 8, 2025. This expansion illustrates their dedication to innovation in property insurance, supported by advanced AI and computer vision technologies, which are reshaping the industry landscape [1].
Driving Growth in the Insurance Sector
Known for modernizing insurance for residential real estate, Honeycomb has become a trusted name among landlords and condo associations. Backed by significant funding, the company has insured more than $55 billion in assets, experiencing a consistent rise in revenue, which more than doubled over the last year [1]. Their strategic base in Chicago will not only facilitate technological innovation but also strengthen the company’s ability to collaborate and expand operations across the United States [2].
Impacts of the New Headquarters
The Chicago headquarters is furnished with state-of-the-art facilities, including multiple private offices and meeting rooms, aiming to enhance team productivity and innovation. Honeycomb has plans to expand its workforce by approximately 50 new employees, harnessing the local talent pool that Chicago offers, to augment their continued growth in the insurtech space [2][3].
Future Plans and Industry Impact
Looking ahead, Honeycomb Insurance aims to further disrupt the $22 billion habitational insurance market by continuing its tradition of leveraging technology to provide streamlined, efficient services. As the company scales, its focus remains on providing unparalleled customer service and fostering a forward-thinking culture that resonates with employees and partners alike. Their presence in Chicago marks a pivotal step in achieving these goals [4][5].