Honeycomb Insurance expands to Colorado, bringing enhanced coverage to one of the country’s most challenging insurance markets
Colorado agents and brokers have been facing shrinking eligibility and limited carrier options for years. Many admitted carriers have pulled back or tightened their appetite, leaving well-maintained properties (especially those built before 1990) with few viable options or none at all. At the same time, agents report more non-renewals than new placements, with wind and hail loss exposure ranking among their top concerns.
Honeycomb enters Colorado to address this market gap. The company’s underwriting platform evaluates each property individually using high-resolution imagery and advanced tech, offering coverage with no age restrictions. With agencies eager to launch and begin submitting business, Honeycomb’s arrival brings a long-awaited alternative to a strained market.
“Colorado has been on our radar for a long time; it’s a complex but vital market that clearly needs more carrier options,” said Itai Ben-Zaken, Co-Founder and CEO of Honeycomb Insurance. “Our data-driven underwriting, flexible appetite, and lack of age restrictions allow us to insure well-managed properties that traditional carriers have left behind. This launch underscores our commitment to provide smarter, more stable coverage through technology, transparency, and deep underwriting expertise.”
Honeycomb now operates across 20 states, managing insured assets exceeding $55 billion. The company continues to grow at a rate of 2-3x annually while maintaining a loss ratio significantly below the industry average, driven by its proprietary tech and computer vision-based underwriting engine that assesses each property with precision and efficiency. At year-end, Honeycomb reported a modest 4% premium rate increase, resulting in strong retention and disciplined pricing.