Top Insurtechs Partner to Speed Delivery of Digital Excess & Surplus Products to Small Business Owners
COLUMBUS, Ohio - February 25, 2022
Bold Penguin, the industry-leading commercial insurance quoting platform, today announced that it has integrated with Pathpoint, a digital Excess & Surplus (E&S) wholesaler. This agreement will expand Bold Penguin’s market capacity by delivering streamlined access to Pathpoint’s non-admitted products to users of the Bold Penguin Terminal.
“Through this integration we’re taking a bold step to expand our quoting capabilities beyond admitted market products,” said Jim Struntz, Bold Penguin’s Chief Operating Officer. “The agents we work with have requested excess & surplus coverage and we are pleased to take this step by making Pathpoint’s E&S solutions available to the small businesses who need it most.”
The Bold Penguin platform allows insurance agents to quote small business insurance through an integrated application and return multiple quotes with push-button ease. Along with existing integrations of products from the largest available selection of commercial insurance carriers, Bold Penguin will continue to expand upon its industry-leading capabilities through the addition of non-admitted products. In the first phase of the integration, Pathpoint will offer its General Liability coverage for a variety of small business types, including Contractors, Lessor's Risk Only (LRO), Vacant Property, and Restaurants.
“Pathpoint is excited to work with Bold Penguin and its growing agent community. Both our brands have a strong commitment to supporting agents through a faster and easier placement process,” said Alex Bargmann, Pathpoint’s Chief Executive Officer. “By enabling Bold Penguin's users to seamlessly access non-admitted solutions we’re, together, taking a lot of pain and friction out of the process for them.”
Founded in 2017, Pathpoint is the first digital specialty wholesale broker to create a comprehensive solution to the often complex and time-consuming process of placing small commercial E&S accounts. By combining world-class technology and first-class service to offer agents bindable quotes from multiple, best-in-class E&S carriers in minutes, Pathpoint simplifies an often frustrating and complicated process for agents.
About Bold Penguin:
Headquartered in Columbus, Ohio, Bold Penguin makes quoting and binding small commercial insurance effortless. With a commitment to agents, Bold Penguin upgrades the buying experience for small businesses, fuels efficient agency growth, and offers streamlined distribution and underwriting for carriers. Bold Penguin was founded in 2016 by a group of entrepreneurs who spent their early days working with large national insurers alongside regional carriers and established insurance agencies. For more details, please visit www.boldpenguin.com.
Pathpoint, Inc. is the insurance industry’s first self-service E&S platform. We combine proprietary technology and first-class service to give retail insurance agents bindable quotes from multiple, A-rated carriers instantly for Contractors, Vacants, Lessor’s Risk, Restaurants, and Cyber products. Pathpoint is licensed in all 50 states and a coverholder at Lloyd’s of London. To learn more about Pathpoint, visit www.pathpoint.com.
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