Gyde Acquires Benavest to Expand AI-Powered Health Insurance Brokerage
Gyde, an AI-native brokerage platform, has acquired Benavest, a national health insurance agency with a network of hundreds of brokers. The deal combines Benavest's distribution reach with Gyde's automation technology to help brokers manage ACA, Medicare, and individual health coverage more efficiently.
Benavest, founded in 2014 and based in Hollywood, Florida, operates as a Field Marketing Organization (FMO) that serves brokers across 48 states. The company has built strength in ACA coverage and expanded its Medicare contracts in recent years.
What Gyde's Platform Does
Gyde offers GydeOS, an automation layer that handles administrative workflows brokers face daily. The system onboards clients faster, prepares meeting materials in minutes, and flags cross-sell opportunities in life insurance and annuities.
The platform also includes Gia, an intelligent assistant that contacts clients via SMS and voice to send coverage reminders and personalized guidance on behalf of the broker.
For brokers, the tools address a persistent problem: outdated, disconnected systems that consume time during enrollment season. Gyde's technology frees capacity for brokers to serve more clients and expand their books of business.
Strategic Timing
The acquisition follows Gyde's public launch with $60 million in funding led by Lightspeed and its earlier purchase of Avid Health, a Medicare agency based in Palm Beach. Both deals signal Gyde's strategy of acquiring established broker networks and equipping them with AI tools.
Joe Gannon, CEO of Benavest, said the decision to join Gyde gives brokers "early access to AI technology and operational support" while maintaining the human relationships central to insurance advising. He added that the compliance capabilities will help Benavest attract new agents to the platform.
Will Johnson, Gyde's co-founder and CEO, said the combination lets brokers "grow faster, manage their businesses more efficiently, and expand into new opportunities."
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