Even in the age of AI, insurance underwriting is still a broken game of telephone. Data moves from clients to brokers to carriers through endless emails, phone calls, and manual re-entry. And that means clients wait longer for coverage while underwriters can’t keep up with the flood of submissions.
Feathery has raised a venture round from Erie Insurance’s Strategic Ventures fund. Feathery’s vision is to become the standard for how data is exchanged in the insurance industry.
With this investment, ERIE joins Feathery’s existing backers including Index Ventures, Bain Capital Ventures, Broker Tech Ventures, and SV Angel.
“Feathery is unique in that they partner with both carriers and agents/brokers to connect disparate systems”, said Keith Kennedy, senior vice president of Next-Level Innovation at Erie Insurance. “We’ve been extremely impressed by Feathery’s flexibility and maturity.”
Feathery was founded by Peter Dun and Zack Khan, experienced AI leaders who led growth at Robinhood and Hightouch. They saw the inefficiencies of manual & rigid data intake and started Feathery to solve that problem. The opportunity is massive - just underwriters alone spend up to 40% of their time on non-core administrative tasks (e.g. manual data entry, copying between systems), translating to an annual efficiency loss of over $30 billion.
“Insurance is the backbone of trust in our economy, protecting the people and businesses we depend on every day. Our vision at Feathery is to make accessing that protection easier through AI-enabled underwriting”, said Zack Khan, co-founder of Feathery. “This partnership with Erie Insurance enables us to scale our impact and help underwriters and brokers focus on high-value work instead of repetitive data wrangling.”
Whereas most existing tools offer a rigid workflow that struggles to adapt to enterprise-scale use cases, Feathery was designed from the ground up to be flexible and modular. Carriers leverage Feathery’s no-code and AI-powered builder to customize the underwriter’s workbench experience across each line of business. They control submission ranking rules, rating inputs to read, and more. This flexibility ensures carriers have full control to adapt their underwriting processes quickly to support new market conditions, products, and internal strategic shifts. Brokers are also able to customize policy checking and proposal workflows to their liking.
Feathery connects to 100+ data sources to enrich risk assessments and integrates with internal systems, policy admin systems, CRMs, agency management systems, and document repositories. This allows insurers and brokers to modernize without overhauling their tech stack.
As carriers and brokers race to adopt AI, Feathery’s industry-leading growth signals a broader shift in how they think about automation—not just as a back-office efficiency play, but as a competitive advantage in speed, accuracy, and customer responsiveness.
To learn more about Feathery’s solutions for insurance and wealth management, you can visit https://feathery.io.
Learn more about Erie Strategic Ventures at www.erieinsurance.com/ventures.
.svg)
