IIG joins Bold Penguin Marketplace in a Major InsurTech Mashup
October 27, 2016- Two technology innovators come together to simplify business insurance. Internet Insurance Group has announced that it has fully integrated with Bold Penguin’s Marketplace for better risk routing and matching capabilities.
Bold Penguin initially released their flagship product which is a commercial-focused insurance agent portal currently utilized by over 2,000 agents nationwide. Immediately following this release, Bold Penguin continued development by creating the Marketplace which was announced at InsureTech Connect gathering in Las Vegas, allowing select partners, agents and carriers, to mine for risks that match their specific appetite and to send non-matching risks out into the open market.
Internet Insurance Group, headquartered in Massachusetts, is focused on delivering a high-end and high-tech experience when it comes to commercial insurance. Currently, IIG is licensed in the 48 contiguous states partnering with more than 12 carriers and they’re rapidly expanding throughout the US. Led by industry leader Lou Geremia, IIG is quickly becoming one of the largest online commercial insurance agencies serving small businesses. “We chose Bold Penguin because they share our enthusiasm in trying to simplify the already overly complex commercial insurance space,” Geremia says in regards to the Marketplace. “Their technology stack was ahead of others and made it faster and easier for us to plug and play,” he adds.
Internet Insurance Group and Bold Penguin have been in partnership for a year. According to Bold Penguin’s founder and CEO, Ilya Bodner, the partnership has continually grown as IIG expanded its markets. “Every agency we work with, regardless of type — retail agent, online agent, call center agent, new startup or old — has problems matching risks to markets. The goal has always been to streamline the underwriting and matching process,” says Bodner. “Internet Insurance Group takes full advantage of the receive and send side of our Marketplace which allows them to offer an insurance product to their customers by finding the right outlets while not compromising on user experience.”
About Internet Insurance Group:
Built by insurance industry leaders, IIG offers small businesses across the country the ability to learn, shop and buy coverage online immediately for their most valuable asset. Using numerous web properties focused on specific industries and products, IIG helps small businesses make smart decisions about their risk management needs. Our experienced agents provide valuable guidance and have access to A+ rated insurance carriers in the industry. IIG provides a fast, efficient, and free way to find the best small business insurance coverage.
About Bold Penguin:
Bold Penguin is where technology meets the human touch in commercial insurance. With a heavy focus on the agents, Bold Penguin pushes the boundaries of user experience for businesses, an easy tool for agents, and a streamlined process of underwriting for carriers. It was founded by a group of entrepreneurs who spent their early days working with Allstate, Nationwide, Progressive, regional carriers and established insurance agencies. For more information visit www.boldpenguin.com.