Discovery Insurance

Insurance · North Carolina, United States · 11-50 Employees

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Overview

Headquarters

604 N Queen St, Kinston, North Carolina,...

Phone Number

(252) 523-1200

Revenue

$14.3 Million

Industry

Insurance
ZI Rank: 3
Signal Type
Feb
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ZI Rank
3
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About Discovery Insurance

Discovery Insurance Company is a North Carolina based Automobile Insurance Company with a primary focus to provide a quality, affordable insurance product to a diverse segment of the North Carolina population. Through constant analysis along with investments in technology and infrastructure, Discovery will continue to grow and strive to become a leader in the nonstandard automobile insurance industry, while never losing sight of the underwriting discipline and claims philosophy that contribute to consistent underwriting profitability. The Company supports and utilizes the Independent Agency distribution system as its primary channel of distribution. The company at Discovery believe that Independent Agents and Brokers throughout the company's market provide invaluable service to consumers by offering affordable alternatives specifically tailored to address the needs of the demographics they serve. The agent's intimate knowledge and understanding of local surroundings and products is criRead more
Discovery Insurance's Social MediaPopular SearchesDiscovery Insurance CoDiscovery InsuranceDiscoveryinsuranceDiscover Insurance Agency LLCDiscovery Group LLCSIC Code 63,633NAICS Code 52,524Show more

Discovery Insurance Org Chart

PhoneEmail
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President

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President

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Company Name

Revenue

Number of Employees

Type

Funding

Founded In

Top Executive

Discovery Insurance

$14.3M
11-50
Private
<$5M
1993
$6M
11-50
Private
<$5M
1933
BN
Bill NolanVice President
<$5M
1-10
Private
-
1993
JL
James LeighInsurance Agent
<$5M
1-10
Private
-
1997
RJ
Ritij JainSoftware Engineer
<$5M
1-10
Private
-
1999
<$5M
11-50
Private
<$5M
1984
Illustration of an envelope

Company Profile Activity

i

Among all Insurance companies

Low Activity

High Activity

Activity Insights

Discovery Insurance is experiencing very low activity levels compared to other companies in the Insurance sector.

What does this means?

Discovery Insurance is drawing exceptional interest within the Insurance industry, suggesting notable developments or strong market momentum, learn more about Discovery Insurance.

Discovery Insurance financials insights

Gather financial insights about Discovery Insurance, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.

2020

Debt

$350K

See All Discovery Insurance's Financials Insights

Discovery Insurance Tech Stack

A closer look at the technologies used by Discovery Insurance

Most Recent Scoops

Project
, according to a high-level source in operations, is planning to leverage AI-driven analytic insights (e.g., predictive, strategic, etc.) over the next three to six months.
Artificial Intelligence, Operations
Project
, according to a high-level source in operations, is planning to leverage AI-driven compliance and risk management over the next three to six months.
Compliance, Artificial Intelligence, Finance, Operations, Risk
Project
, according to a high-level source in operations, is planning to leverage AI-driven workflow automation over the next three to six months.
Automation, Artificial Intelligence, Operations
Project
, according to a high-level source in operations, is planning to leverage AI-driven customer support and chatbots over the next three to six months.
Language Technology, Artificial Intelligence, Language, Operations
Project
Artificial Intelligence, Operations
See more scoops

Discovery Insurance News & Media

  • AM Best Downgrades Issuer Credit Rating of Discovery Insurance Company

    OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Discovery Insurance Company (Discovery) (Kinston, NC). The outlook of the FSR has been revised to negative from stable, while the outlook of the Long-Term ICR is negative. The Credit Ratings (ratings) reflect Discovery’s balance sheet strength, which AM Best assesses as adequate, as
  • AM Best Downgrades Credit Ratings for Discovery Insurance Company

    OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating (FSR) to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” (Fair) from “bbb-” (Good) of Discovery Insurance Company (Discovery) (Kinston, NC). AM Best has revised the outlook of the FSR to stable from negative, while the outlook for the Long-Term ICR is negative. The Credit Ratings (ratings) reflect Discovery’s balance sheet strength, which AM Best assesses as adequate,
  • AM Best Revises Outlooks to Negative for Discovery Insurance Company

    OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Discovery Insurance Company (Discovery) (Kinston, NC). The Credit Ratings (ratings) reflect Discovery’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management (ERM). The negative o
  • AM Best Upgrades Credit Ratings for Discovery Insurance Company

    OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Financial Strength Rating to “B+” (Good) from B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb-” (Good) from “bb+” (Fair) of Discovery Insurance Company (Discovery) (Kinston, NC). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. The ratings reflect Discovery’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, li
  • AM Best Revises Outlooks to Positive for Discovery Insurance Company

    OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of Discovery Insurance Company (Discovery) (Kinston, NC). The Credit Ratings (ratings) reflect Discovery’s balance sheet strength, which AM Best categorizes as adequate, as well as its adequate operating performance, limited business profile and marginal enterprise risk management (ERM). The revised outloo
Read more news

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Frequently Asked Questions Regarding Discovery Insurance

What is Discovery Insurance's official website?
Discovery Insurance's official website is www.discoveryinsurance.com
What is Discovery Insurance's Revenue?
Discovery Insurance's revenue is $14.3 Million
What is Discovery Insurance's SIC code?
Discovery Insurance's SIC: 63,633
What is Discovery Insurance's NAICS code?
Discovery Insurance's NAICS: 52,524
How many employees does Discovery Insurance have?
Discovery Insurance has 11-50 employees
What industry does Discovery Insurance belong to?
Discovery Insurance is in the industry of: Insurance
What is Discovery Insurance competition?
Discovery Insurance top competitors include: Global Insurance Group, Nolan Insurance Agency, First South Insurance Agency, Urbanetti Insurance Agency
What technology does Discovery Insurance use?
Some of the popular technologies that Discovery Insurance uses are: Google Website Translator, CenturyLink Cloud, Adobe Typekit, Java
How do I contact Discovery Insurance?
Discovery Insurance contact info: Phone number: (252) 523-1200 Website: www.discoveryinsurance.com
What does Discovery Insurance do?

Discovery Insurance Company is a North Carolina based Automobile Insurance Company with a primary focus to provide a quality, affordable insurance product to a diverse segment of the North Carolina population. Through constant analysis along with investments in technology and infrastructure, Discovery will continue to grow and strive to become a le... ader in the nonstandard automobile insurance industry, while never losing sight of the underwriting discipline and claims philosophy that contribute to consistent underwriting profitability. The Company supports and utilizes the Independent Agency distribution system as its primary channel of distribution. The company at Discovery believe that Independent Agents and Brokers throughout the company's market provide invaluable service to consumers by offering affordable alternatives specifically tailored to address the needs of the demographics they serve. The agent's intimate knowledge and understanding of local surroundings and products is critical to providing correct coverage at affordable prices. Finally, the highest value is placed on the company's customers, without whom the company would not exist and the company will strive every day to live up to their expectations of the company by providing concentrated effort to satisfying their needs in every way possible.Read More

What are Discovery Insurance social media links?
Discovery Insurance Linkedin page Discovery Insurance Twitter page Discovery Insurance Facebook page
Is Discovery Insurance a public company?
Discovery Insurance is private company therefore does not currently have an official ticker symbol
See more information about Discovery Insurance

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