Gyde, a US-based AI-native brokerage platform, has recently acquired Benavest, a fellow American health insurance agency specializing in consumer plans such as individual Affordable Care Act (ACA), Medicare, and Individual Coverage Health Reimbursement Arrangements. This strategic acquisition not only expands Gyde’s broker base but also extends its nationwide reach.
Established in 2014, Benavest has built a strong reputation as a field marketing organization focused on consumer health insurance. With a nationwide broker network, Benavest is well-known for its work in ACA and has expanded its services to include Medicare agreements and support. By joining forces with Gyde, Benavest will now have access to AI-based systems, enhancing its distribution capabilities for ACA and Medicare brokers and agencies.
Joe Gannon, CEO of Benavest, expressed confidence in Gyde’s team and their decision to merge with Gyde. This partnership aims to provide partners with early access to AI technology and operational support, enabling them to grow faster, serve clients more effectively, and explore new opportunities while building on Benavest’s existing foundation.
Under Gyde’s ownership, Benavest will leverage Gyde’s AI system to automate routine processes, increase enrollment capacity, improve renewal rates, and reduce time pressures during enrollment periods. This AI technology also supports additional sales in life insurance, annuities, and ancillary products, offering clients a comprehensive range of insurance, wealth, and health coverage options.
Gyde’s technology includes GydeOS, an automation layer designed to streamline administrative tasks and ensure compliance for brokers. This system helps brokers onboard clients more efficiently, prepare for meetings quickly, and identify opportunities for cross-selling to clients with ACA or Medicare coverage.
Will Johnson, co-founder and CEO of Gyde, emphasized the strength of Benavest’s broker network and the potential for growth through the integration of Gyde’s AI platform. By combining distribution capabilities with AI technology, brokers can expand their businesses, manage operations more efficiently, and seize new opportunities while continuing to support their clients.
Additionally, Gyde’s platform features Gia, an intelligent assistant that communicates with clients via SMS and voice messages, providing reminders, policy updates, and personalized guidance on behalf of brokers. This tool is available to current Benavest partners and new brokers joining the network, empowering them to expand their operations while maintaining a personalized approach to client advice.
This acquisition comes on the heels of Gyde’s recent public launch and $60 million funding round led by Lightspeed. It follows the earlier acquisition of Palm Beach-based Medicare agency Avid Health, demonstrating Gyde’s commitment to expanding its presence in the health insurance market.
In conclusion, Gyde’s acquisition of Benavest marks a significant milestone in the evolution of AI-driven brokerage platforms, offering brokers advanced tools to enhance their operations and better serve their clients in the dynamic health insurance landscape.
