In a world obsessed with viral growth and massive user bases, DOXA Insurance Holdings is playing a different game entirely. With $10.9M in revenue and just 55 employees, they aren't chasing traffic—they're building the infrastructure for the next generation of specialty insurance carriers.

"They're not selling insurance directly—they're selling the entire back-end engine to those who do."

The tech stack tells the story: jQuery, Bootstrap, and Tailwind CSS suggest a pragmatic, functional approach rather than a consumer-facing polish. They're not optimizing for conversion rates on their homepage because their sales cycle happens through LinkedIn connections and direct relationships. The LinkedIn Insight Tag is there, but Google Analytics shows zero traffic—because their real analytics happen at the carrier level, not the website level.

• Co-founded by Matt Sackett and Tim Wiggins—veterans who understand insurance's complexity
• Operating model: Acquire or launch MGAs, provide back-end infrastructure, share in underwriting profits
• Technology as a moat: Their stack isn't flashy, but it handles compliance, claims, and carrier management
• Revenue per employee ($200K) rivals SaaS companies, not traditional insurers