Bold Penguin Exchange partner INSURICA adds an Enterprise Terminal to its insurtech stack to access new markets and quote and bind policies faster.
COLUMBUS, OHIO, March 24, 2022 – Leading insurance technology company Bold Penguin announced today that Exchange partner INSURICA is adopting the Bold Penguin Enterprise Terminal to drive a new phase of rapid growth.
INSURICA has been using the Bold Penguin Exchange -- the world’s largest commercial insurance exchange -- to contribute to its growth since 2019. The Bold Penguin Enterprise Terminal will enhance INSURICA’s ability to leverage the Exchange, speeding up the quote-to-bind process, expanding the company’s prospecting capacity, and providing access to new markets and opportunities.
The Bold Penguin Terminal connects businesses, brokers, and carriers across the United States in a digital platform, enabling a fast and accurate small commercial insurance quote-to-bind process.
INSURICA’s new Enterprise Terminal will provide more streamlined access to the Exchange, enabling its agents to quickly and easily access quotes from Bold Penguin’s full array of carrier partners and complete the binding process all within a single seamless experience.
Kylie Hubbard, INSURICA’s Director of Data and Lead Sources, said the Bold Penguin Terminal will be essential to driving INSURICA’s growth.
“INSURICA is excited to add the Bold Penguin Terminal to our arsenal of tools for our digital agents.” Hubbard said. “This technology aligns with our goals of growth and efficiency. Allowing INSURICA to meet the customer where and how they want to transact business all the while allowing our producers to spend less time quoting and more time doing what they do best, using their coverage expertise to advise and protect our customers.”
As INSURICA ramps up the use of its Enterprise Terminal, the wider access to carriers and coverages and the faster quote-to-bind process have the potential to rapidly increase the company’s capacity for new prospects.
INSURICA will also integrate its Enterprise Terminal with the insurica express website through Bold Penguin’s Quote Start API, enabling direct customer quote requests to be instantly passed to INSURICA agents within the Terminal.
The expanded access to products that the Enterprise Terminal will offer INSURICA also provides increased value to Bold Penguin’s carrier partners, who will benefit from one of the country’s top 40 brokers running more quotes on the network.
“We’re always gratified whenever existing partners expand their participation in the Bold Penguin ecosystem,” said Bold Penguin Chief Operating Officer, Jim Struntz. “Bringing INSURICA onto an Enterprise Terminal is great for the entire Exchange because it helps a valued customer access new business and quote and bind policies faster. It also feeds the appetite of our ever-growing list of carrier partners, who partner Bold Penguin to leverage the high quality of agencies and brokerages we can connect them with.”
Placing more than $1 billion in annual premiums for our clients, INSURICA is among the 40 largest insurance brokers in the United States and is currently the 24th largest privately held independent agency in the country.
INSURICA employs nearly 700 colleagues in 36 offices located throughout Oklahoma, Texas, California, Arizona, Arkansas, Kansas, Colorado, Mississippi, Alabama and Florida.
INSURICA’s focus on finding quality and experienced partners, coupled with the resources of Assurex Global positions the enterprise as one of the preeminent insurance brokerages in the country and further emphasizes INSURICA’s customer pledge of “Specializing in You.”
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.
Small commercial insurance applications can originate from the Veruna Agency Management System, launch into the Bold Penguin Terminal, and return quotes seamlessly to Veruna
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