Design Highlights
- Bold Penguin and Foxquilt collaborate to enhance commercial general liability coverage options for agents and small businesses.
- The partnership introduces digital MGU capabilities for faster insurance processing and reduced administrative hurdles.
- Small businesses benefit from instant quoting, 24/7 binding, and improved asset protection through data-driven services.
- Agents can quickly quote and bind contracts, increasing efficiency and commission potential with over 500 business classes available.
- Bold Penguin’s technology streamlines the insurance process, making it three times faster than traditional methods.
Bold Penguin just dropped a bombshell by teaming up with Foxquilt, and it’s a game changer for commercial general liability coverage. This isn’t your run-of-the-mill partnership. It’s a serious move that aims to expand admitted coverage options. Finally, agents can wave goodbye to the headaches of administrative hurdles. If you’re in the insurance game, you know how precious time is.
And now, thanks to Foxquilt’s digital Managing General Underwriting (MGU) capabilities, faster turnaround times are on the table. Yup, it just got a lot easier for agents to get their clients what they need without all the usual fuss.
Nicole Farley, Senior Vice President and Chief Insurance Officer, made it clear: this collaboration is all about protecting small business assets. Small businesses are the backbone of the economy, and they need solid coverage. Foxquilt’s instant quoting and 24/7 binding capability are life-savers. They’re using a slick insurance-as-a-service platform that’s powered by data and machine learning. Honestly, it sounds like something out of a sci-fi movie, but it’s here, and it’s real.
This partnership is a game changer for small businesses, providing instant quoting and 24/7 binding to protect vital assets.
Agents with access to Foxquilt can quote and bind contracts in a snap. No more waiting around. This partnership boosts producer velocity, letting agents close more deals and, of course, earn more commission.
With over 500 classes available, from contractors to e-commerce, the options are practically endless. This isn’t just a win for agents; it’s a win for their clients too. The collaboration enables instant quoting and enhances the overall experience for agents in placing commercial insurance.
Bold Penguin, the largest commercial insurance exchange, has always aimed to make life easier for small businesses. One application, multiple quotes—it’s a dream come true. They’re not dawdling either. This tech allows agents to quote and bind three times faster than the traditional process. That’s impressive. This acquisition aligns with American Family’s goal to support small businesses.
This partnership slots right into Bold Penguin’s mission to simplify the buying and selling of commercial insurance. It’s like finding the missing piece of a puzzle.
And it doesn’t stop there. With recent expansions and partnerships, Bold Penguin is clearly positioning itself as a leader in the commercial insurtech space. They’re not just playing catch-up; they’re setting the pace.
