Foxden by Foxquilt Insurance Services Qorus-NTT DATA Innovation in Insurance Awards 2026

Submitted by

Foxquilt

Premium
10/03/2026 Insurance Innovation
Embedded insurance solutions for small businesses. Powered by proprietary technology.
Innovation details
Country
Canada
Category
Product & Service Innovation
Keyword
Business insurance, Customer experience, AI & Generative AI, Digital channels & Omnichannels, Targeted-niche offerings, Micro Insurance, Underwriting
Business Line
Commercial Insurance
Distribution Channel
Agents, Brokers, Online / Direct, Partners

Innovation presentation

Foxquilt is a leading North American insurtech and digital Managing General Agent (MGA) that develops, underwrites, and distributes custom small business insurance through its proprietary full-stack platform, Foxden. Our core objective is to solve a problem that has plagued the small business insurance market for decades: generic, overpriced, manually-delivered policies that fail to reflect how modern small businesses actually operate.

Today's small business owner is increasingly multi-dimensional. A contractor who splits time across landscaping, handiwork, and painting should not be rated entirely at the highest-risk profession, yet legacy carriers do exactly that. Foxquilt set out to change this by building Foxden from the ground up: a cloud-native, AI-enabled platform capable of multi-class actuarial rating, real-time underwriting decisions, and seamless digital policy issuance - all within a self-serve experience that takes under 10 minutes to complete.

The birth and continuous innovation of Foxden and Foxquilt spans across our technology, product, partnership, and sales teams. Together, we are constantly enhancing how our product and platform make the lives of agents, brokers, enterprise solutions, and small business owners easier through their direct feedback. Foxden currently powers over 500 class codes across Contractors, eCommerce sellers, and Personal Service professionals in both the US and Canada. 

Our Foxquilt team is made up of talented experts across Marketing, Sales, Customer Support, Account Management, Finance, Partnerships, Operations, Technology, and Security. Together, we have leveraged AI across all parts of our business to ensure the company and Foxden thrives without dependencies on any other part of the business.

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