MORE THAN A COMPARATIVE RATER
Bold Penguin Terminal
Think the Terminal is just a comparative rater? Think again.
The Terminal, like most comparative insurance raters, helps agents gain efficiency by comparing multi-carrier insurance quotes.
Instead of contacting individual carriers one by one, insurance agents can use a comparative rater to quickly and easily access quotes from multiple carriers, allowing them to write more business.
But the Bold Penguin Terminal does so. much. more…
Agents need more
Commercial agents looking to grow their business need a leading complete quote and bind solution – one that includes comparative rater functionality, but also leverages data intelligence to help agents:
- understand their clients’ business.
- access a larger pool of appointments.
- intuitively find the right coverage for their clients.
- unlock new revenue streams with lead generation opportunities.
The Bold Penguin Terminal is not just a tool for comparing insurance quotes. With a Bold Penguin Terminal subscription, agents achieve higher quote yields, bind more premium, see profit margins increase and thrive in a digital landscape.
Features that make the Terminal more than a comparative rater for insurance quotes
We’ve been known to make a bold statement now and then. But affirming that the Bold Penguin Terminal is more than a comparative rater is not just bold, it’s a fact. Here are eight important reasons why:
One universal, streamlined application
The Terminal condenses the business insurance quote application process down to one universal form, removing duplicate data entries in the application process.
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Our state-of-the-art quotes and commissions dashboard gives agencies a powerful, data-driven edge. The Terminal puts comparative rater insights, quotes, and commissions all in one place to help track performance and make smarter strategic decisions to help their clients.
Carrier access
Aggregate access to your direct appointments, enabling a straight-through process to the carrier’s portal. Even without a direct carrier appointment, you can apply for a sub-appointment through the Bold Penguin Terminal to unlock additional market access, activate the comparative rater, and offer your customers more coverage options.
Integration with other Bold Penguin products
Unlike a standalone comparative rater that stops at providing quotes, Bold Penguin's platform integrates seamlessly with other products, like the Exchange, which is the largest prospect marketplace for small commercial insurance. The Exchange delivers commercial insurance leads to agents and targeted prospect acquisition within preferred risk profiles. Agents can also monetize leads and unlock new revenue opportunities from out-of-appetite risks.
Intuitive NAICS code recommendations
Every business is unique, which makes the process of quoting insurance complex and vulnerable to coverage gaps without an enhanced comparative rater. The Terminal features intuitive NAICS code guidance to give agents confidence that each customer’s unique risk profile will be comprehensively insured.
Secure API enhances collaboration and transparency
While other comparative raters might just “screen scrape” information, Bold Penguin offers carrier partners a secure API integration. This ensures that agents receive only accurate, current information on comparative insurance rates from carriers.
Appetite search tool
Explore carrier appetite for any risk across all carriers available on the Terminal before starting an application.
Real-time eligibility
See small business insurance quotes immediately during the application process.
Coverage types integrated with the Terminal
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Owner’s Policy
Liability
Liability
Auto
Property
Compensation
Liability
Marine
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The old way vs. the Bold way
When you see it side-by-side, there’s no comparison. With the “Bold way,” the small business insurance quoting process is streamlined, efficient, and data-based. We think the old, limited, manual way is for the (other) birds.
Multiple application forms
Scattered emails, voicemails, faxes, and spreadsheets
Handful of direct appointments = limited coverage options
Random NAICS code expertise = coverage gaps
Limited information regarding time spent and agency performance
One, universal application
Streamlined digital quote comparisons in one place
Broad market access = increased coverage options
Integrated NAICS code recommendations
Terminal
FAQs
For answers to more Terminal FAQ’s, request a demo.
Yes! If you do not have a direct appointment with a carrier, you can request a sub-appointment through the Bold Penguin Terminal. This will give you access to additional carriers and products. This helps ensure your customers are getting the right coverage for their business.
Filling out multiple ACORD forms to quote a commercial insurance policy can be time-consuming and prone to error. The Bold Penguin Terminal simplifies that process. Just fill out one universal application that will quickly populate applicable fields when a selected ACORD form is downloaded. From there, you have the ability to quickly edit the form as needed before sending it off to markets.
There are several ways to expand your business from personal insurance to include commercial, or business, insurance. Lean on an insurance technology platform like the Bold Penguin Terminal to guide you through the quote and bind process and simplify the complex nature of commercial insurance.
Every Terminal user has a dedicated Customer Success Manager (CSM) to guide you through, from onboarding to quoting to sub-appointments and everything in between. If you don’t know your CSM, contact us so you make the most of your Terminal experience.
With thousands of NAICS codes, it is impossible to know them all! It’s best to lean on guidance from software platforms to know which code is best for each unique business. The Bold Penguin Terminal has intuitive NAICS code guidance to help close coverage gaps and ensure your customers are getting the right insurance for their business.
Bold Penguin’s integrated suite of products can help agents find the right coverage solution for their customer’s unique risk profile. Leveraging all the features of Bold Penguin’s platform helps agents close coverage gaps, increase market access, save time, and reduce errors, thus properly protecting your customer’s investments.
Want to see how fast you can get comparative rater information in the Terminal and discover the added value of Bold Penguin’s integrated digital solution platform?