Inc. revealed today that NOW Insurance ranks No. 559 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The company achieved the 9th spot on insurance industry rankings. The prestigious ranking provides a data-driven look at the most successful companies within the economyâs most dynamic segmentâits independent, entrepreneurial businesses.
âWe are thrilled to have made the list for the first time. It is a testament to the relentless hard work and dedication every employee has given to our cause: transforming healthcare liability insurance with a superior product alongside exceptional customer service,â said Philip Cabaud, Founder and CEO of NOW Insurance.
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this yearâs top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this yearâs Inc. 5000 companies have added 874,458 jobs to the economy over the past three years. NOW Insurance experienced nearly 800% percent revenue growth during the three-year period.
âThe company plans to continue rapid expansion as we bring more product classes online. We have a full pipeline and much to come for large and small risks in need of insurance and risk management solutions designed for the modern health care system,â continued Cabaud.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, August 20.
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