2000 - The Founding
Insubuy is founded by Narendra & Jagruti Khatri in their apartment in Virginia.
The first travel insurance policy is sold on July 13, 2000, for a $1,100 premium.
2002 - The First Travel Medical Insurance Marketplace
Insubuy’s website is redesigned to introduce the industry’s first online travel medical insurance marketplace, allowing customers to get instant quotes for multiple products, compare them side by side, and make instant purchases from the comfort of their homes.
This was a trailblazing use of technology, as most insurance agents still sold travel medical insurance exclusively offline, and some of their websites had only bare-minimum, basic information.
2004 - The First Employee
The first outside employee is hired.
Insubuy expands its offerings by adding two more types of insurance products to its portfolio: trip cancellation insurance and expatriate insurance.
2005 - The Internal Software Deployment
Insubuy develops and launches its innovative intranet system to manage the company’s data regarding its policies, phone calls, and much more.
2007 - The Move to Texas
Insubuy relocates to Plano, Texas, where operations are conducted out of the founders’ home office—a converted garage.
2008 - The Temporary Office
As Insubuy’s operations continue to see explosive growth, a temporary office is rented at the Old Sheppard office complex in Plano, Texas, to house 7 employees.
2009 - The Dexter Office Move
Insubuy moves into its new 2,618-square-foot Dexter office building, purchased and built in Plano, Texas.
2016 - The Coit Office Days
Insubuy adds 10 new employees and establishes its own in-house IT Department.
Insubuy outgrows the space at its Dexter office and begins renting a second temporary office nearby.
Insubuy breaks ground on construction of the brand-new, 22,016-square-foot, two-story Mapleplex Office Center in Plano, Texas.
2017 - The Mapleplex Office Move
Construction of the new Mapleplex Office Center is completed. Insubuy moves in, consolidating its two operating offices and 50+ employees into one building.
A redesigned, mobile-responsive, multilingual website begins rolling out on a scheduled basis, section by section until complete.
2018 - The Purchase Applications
Insubuy releases its groundbreaking in-house custom purchase applications, providing customers with a seamless quote-to-purchase experience in English, Chinese, and Spanish. Insubuy proves again that it is an innovative and leading InsureTech company, as no other competitor in the market can boast such extensive capabilities.
More than 30 purchase applications are released by the year’s end.
Insubuy rebrands its revolutionary affiliate program as a separate B2B brand called BrokersNexus, allowing for rapid growth of sub-agents.
2019 - The Dashboard and MyAccount
Insubuy releases its proprietary BrokersNexus Dashboard, a powerful, cloud-based, back-office software system for its sub-agents to track sales and other analytics.
The market-disrupting Insubuy MyAccount is released, a web portal that helps customers keep track of and manage all their insurance purchases—including easy repurchase options as well as pending quotes and applications—from one central location.
2020 - The 20th Anniversary
Insubuy celebrates its 20th anniversary in business as a leading, trusted marketplace in the travel medical insurance industry.
Committed to the expansion of its insurance product offerings, Insubuy begins negotiations to partner with additional providers to offer more insurance plans than ever before.
Insubuy hires additional customer service and information technology staff to support the rapidly expanding company and its business growth needs.
2021 - The PCF Insurance Services Partnership
Insubuy completes a strategic partnership with PCF Insurance Services (PCF).
PCF brings added infrastructure and operational support to Insubuy through its elite Shared Services team.
Insubuy is excited for the partnership, as it opens up so many opportunities and will take the business to the next level.