Decade-old Beam Dental poised to double membership again

Beam Dental doubled membership and revenue from 2019 to 2021 and is poised to double enrollees in its benefits plans again this year, said co-founder and CEO Alex Frommeyer.

Despite the dizzying growth, the digital insurer’s ratio of claims losses has remained remarkably consistent, thanks to its AI-driven pricing models, he told Columbus Business First.

“It’s very difficult to do – in a fast-growing business – to be able to manage risk as effectively as we’ve been able to,” Frommeyer said. “Predictability is difficult for young companies like Beam to create, and we’ve been able to do that – and over an extended period.”

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Story excerpt provided by Columbus Inno.

Written by Carrie Ghose.

Originally published February 24, 2022.