Limelight Health, a fast-growing San Francisco-based insurtech company, is progressing with a product collaboration with Principal Financial Group, and by the third quarter expects to release a new digital underwriting app for Principal, said Jason T. Andrew, Limelight’s CEO. 

Principal in January committed to leading a $33.5 million funding round by eight financial services companies investing in Limelight’s cloud-based health insurance quoting, underwriting and proposal software. 

“It is an absolute privilege to have Principal as a client and investor,” Andrew said. “Principal has a deep understanding of the group insurance market, with an equally strong passion to get the right product to the right groups at the time it is most needed.” Limelight Health’s collaboration with Principal will provide an improved end-to-end user experience that’s more attuned to the expectations of today’s digital world, he said.  

A little over half of the company’s 120 employees work remotely from a number of locations besides San Francisco, Andrew said. Its Des Moines office is now staffed with five people, and the company has a lot of expansion potential. 
“If we had five to 15 qualified candidates right now, we could hire them in Des Moines,” he said. “We would certainly be more than happy to continue growing there.” 

Among its six executive hires that Limelight made in the first quarter was an HR director to lead its recruiting efforts. Andrew said a job fair it held in Des Moines was “pretty successful” and the company plans to host another job fair here late this summer.