Honeycomb Insurance expects accelerated growth in 2027

By Chris Munro Oct 5 (The Insurer) — Honeycomb Insurance expects to record “very significant growth” this year as it builds on the $275 million it generated in 2025, although its expansion will accelerate in 2027 and beyond as recently launched products pick up traction, Honeycomb’s CEO Itai Ben-Zaken told The Insurer TV. The MGA in June, when announcing it had raised an additional $40 million through a funding round led by Zeev Ventures, revealed it ended 2025 with $275 million of gross premiums written.

” Landlords and condominium associations-focused MGA Honeycomb this year has launched an E&S excess liability program backed by capacity from Builders Insurance Group, while more recently it entered the commercial lessor segment with a new Trisura-supported lessor’s risk only (LRO) coverage. ” The LRO offering, for example, is only live in a select number of states. It initially launched in Minnesota, Colorado, Arizona and North Carolina, with an expectation to be in 27 states by year-end. Honeycomb will gradually expand the offering into other areas of the US over time.

“Some of the states, unfortunately, are only going to be live in 2027,” he said. ” Ben-Zaken explained that the way the LRO program has been brought to market matches the strategy the MGA has long had when introducing new products. “When we launch a product, the most important piece for us is not to get a lot of cash in,” the Honeycomb chief said. “It’s actually usually a pitfall if you try to get too much written too quickly.

(For us, it’s better) to listen and to understand are we hitting the right locations, are we in the right places, are we in tune with the expectations of the market? “And then, after a few months, usually you start being in sync and you’re able to push the gas further on and accelerate the pace,” said Ben-Zaken. Honeycomb’s excess liability program, which it unveiled in April, is now entering this phase, explained Ben-Zaken. “The first few months after launch, there have been learning, tuning, and now it's really starting to pick up,” he said.

While Honeycomb has not been immune to the broad softening that is now impacting many lines of insurance business, Ben-Zaken said opportunities continue to present themselves, especially given the company’s innovative approach to the market through its use of technology. “Speed, accuracy, differentiation: those are the things that we can usually do better than others,” he said. Ben-Zaken believes Honeycomb will be well positioned in its bid to become a one-stop shop for its clients’ insurance needs if it continues to focus its efforts on those attributes.

Watch the full 13-minute video to hear more from Honeycomb CEO Itai Ben-Zaken on: How it will use its recently secured $40 million of funding How the company’s offerings have evolved over time Why the deep use of technology in its operations is a differentiator What’s on the agenda for the remainder of 2026 and into 2027 And its long-term IPO aspirations