Growing List of Insurance Companies Join Largest Commercial Insurance Exchange
COLUMBUS, OH, April 2, 2020 — Bold Penguin, a rapidly growing commercial insurance technology provider, announced today the integration of National General Insurance with its platform, expanding the commercial auto insurance offering it launched just one week ago. The recently added capability allows business use auto insurance to be quoted alongside other types of coverage in a bundled fashion through a single application.
Commercial auto represents 12% of the growing $100 billion small commercial market for the 30.2M small businesses in the United States. The growing demand for being able to efficiently review all types of coverage stemmed from the 1M businesses Bold Penguin powered to date.
“Commercial Auto has been up and running on our Exchange for just one week now, and the response has been swift and favorable. As market demand continues to grow, we’re excited to launch the next wave with National General,” said Ilya Bodner, founder and CEO of Bold Penguin. “This enhancement is perfectly aligned with our mission to simplify every aspect of the process of buying and selling commercial insurance.”
National General, one of the largest auto insurers in the US, joins alongside the growing list of major insurance companies adopting Bold Penguin’s technology, which allows agents to quote and bind policies for SMBs 3 times faster than the traditional process. The addition of commercial auto to the platform, now the largest commercial insurance exchange, streamlines the quoting experience for General Liability, Business Owners Policy (BOP), Professional Liability, and Workers Compensation.
About Bold Penguin
Bold Penguin is where technology enhances the human touch in commercial insurance. With a heavy focus on agents, Bold Penguin upgrades the user experience for businesses, creates an easy tool for agents, and offers a streamlined process of underwriting for carriers. Founded by a group of entrepreneurs who spent their early days working with Allstate, Nationwide, and Progressive alongside regional carriers and established insurance agencies. For more details, please visit www.boldpenguin.com.
About National General Insurance Group
National General Insurance Group is one of the largest automobile insurers in the United States. National General Insurance Group offers property and casualty products, including personal auto, RV, motorcycle, commercial auto and more. With a nationwide network of claims professionals and a 24-hour, toll-free claims hotline available 365 days a year, National General Insurance provides superior claims service for its customers.
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