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MonarkHQ

AI-powered employee benefits quoting and analytics platform for brokers, carriers, and employers

Distribution & Sales Startup Bootstrapped, Strategic Investment
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Overview

MonarkHQ is an AI-powered employee benefits procurement and data analytics platform founded in May 2020 by David Bryant and Stephen Tran. The co-founders combined roughly 20 years of experience in insurance broker and carrier roles before building the platform to address the core inefficiency plaguing the benefits market: the slow, manual quoting process that delays deals and harms service delivery.

The platform serves four distinct groups in the benefits ecosystem -- brokers, employers, employees, and carriers -- using proprietary AI to instantly analyze employee benefits RFPs across more than 100 carriers. What once took hours of manual work now delivers actionable insights in seconds. MonarkHQ has patent-pending technology for simultaneously tracking quotes and RFPs across multiple carriers.

In August 2025, MonarkHQ secured a strategic investment from Avondale Insurtech Ventures to accelerate growth. The company has been recognized on the Insurtech Global 100 list of the most innovative insurtech companies worldwide in 2025 and graduated from the Insurtech NY Accelerator.

Products & Services

Benefits Quoting Engine (Brokers)

Multi-carrier group benefits quoting platform covering medical, dental, vision, life, disability, accident, hospital, and critical illness coverage. Connects to 100+ carriers and allows brokers to generate and compare quotes instantly.

Key Features

  • Automated multi-carrier quoting across 100+ plans
  • Census file uploads and coverage mapping
  • Side-by-side quote comparisons with real-time updates
  • Employer contribution and financial modeling (deductible and premium calculations)
  • Searchable saved quote database
  • Live proposal sharing with clients

Target Users: Insurance brokers and benefits advisors

Employer Benefits Administration

Plan design and administration tools that give employers smarter options and real-time support when managing employee benefits programs.

Key Features

  • Smarter plan design and benefits configuration
  • Seamless administration interface
  • AI concierge services for benefits decision navigation
  • Real-time access to plan data

Target Users: Employers and HR administrators

Employee Enrollment Support

Decision-support tools that guide employees through the enrollment process with expert guidance and financial wellness coaching.

Key Features

  • Expert decision support and enrollment guidance
  • Financial wellness coaching
  • Benefits advisory tools

Target Users: Employees navigating open enrollment

Carrier RFP Portal

Gives insurance carriers direct access to high-quality group RFPs and real-time analytics on their quoting activity and win rates.

Key Features

  • High-quality group lead access and RFP portal
  • Real-time analytics and market insights
  • Win-rate tracking and underwriting exports
  • RFP response tracking

Target Users: Insurance carriers

At a Glance

Founded
2020
Headquarters
New York, NY / Los Angeles, CA
Employees
1-10
Funding
Bootstrapped, Strategic Investment

Category & Focus

Category
Distribution & Sales
Subcategories
Benefits Quoting RFP Automation Benefits Analytics Enrollment Technology
Insurance Verticals
Group Benefits Health
Target Customers
Brokers, Carriers, Employers

Customers

  • 1,000+ employer clients
  • 100+ insurance brokers
  • Aetna, Anthem, Blue Cross plans, Kaiser, Oscar, UnitedHealthcare (among 100+ integrated carriers)

Links

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Last updated: 2026-06-03