Around the P&C insurance industry: September 27, 2023
Insurance industry news from Joshu, Bold Penguin, NFP and more.
Seopa Ltd, the Belfast-based insurtech company behind the Quotezone.co.uk and CompareNI.com price comparison websites, was one of only five companies to be awarded platinum status at the Deloitte Best Managed Companies Award ceremony in Dublin.
Insurance Business America publishes a list of the top insurance networks and alliances in the country. Fortified is a one of just 15 networks to make this list, earning the title of 2023 IBA 5-Star Network.
MarshBerry announced Snellings Walters Insurance Agency as the national winner of its respected top MAX Performer Award. Now in its seventh year, this industry badge of distinction is given to independent agencies and brokerages with gold-star financial performance, operational excellence and culture.
Duck Creek Technologies announced the winners for the company’s inaugural 2023 Duck Creek Technologies Partner of the Year Awards during its annual Partner Summit, held in Orlando, Florida, September 20-21, 2023. Receiving Duck Creek’s 2023 Partner of the Year Awards were Systems Integrator Partners Accenture, Aggne and Coforge; Solution Partners Copart, LexisNexis Risk Solutions, Smart Communications, and Quadient; and consulting partner Penguin Tech.
IFC signed a $3.5 billion credit insurance policy with 13 global insurance companies under its managed co-lending portfolio program, a milestone that will support economic activity and foster development in emerging markets.
Joshu announced a new and improved version of the company’s popular Underwriter Desk. The new features inherent to Underwriter Desk 2.0 expand capabilities to help underwriters better assess risk and improve underwriting quality.
Send Technology Solutions Ltd was named a Leader in the IDC MarketScape: Worldwide P&C Intelligent Underwriting Workbench Applications 2023 Vendor Assessment. The IDC MarketScape evaluated the current capabilities and business strategies of nine vendors through rigorous quantitative and qualitative analysis and named Send as a “Leader” in the 2023 vendor assessment. According to the report, “Send Underwriting Workbench is an insurance-focused solution that sets itself apart with its comprehensive features, offering a seamless and intuitive user experience.”
Valley Insurance Agency Alliance welcomed two alliance agencies to its members-only commercial marketing pod program. VIAA offers this exclusive carrier rating platform service to only 15 alliance agencies.
Everest Insurance launched Everest Business Travel Accident Insurance, the latest enhancement to its accident and health portfolio. The customizable solution combines insurance protection with travel, medical and security assistance services for corporate and not-for-profit employers, employees and accompanying guests during domestic and international travel.
National Association of Professional Insurance Agents named Utica Mutual Insurance Company the lead company of the Utica National Insurance Group, as the recipient of its prestigious 2023 Company Award of Excellence. The presentation was made on September 20, 2023, during the annual fall meeting of the PIA National Board of Directors held in Naples, Florida.
Bold Penguin partnered with NEXT Insurance to enhance small business coverage options on the Bold Penguin Terminal. Founded in 2016 by insurance agents for insurance agents, Bold Penguin is on a mission to simplify small commercial insurance for carriers and agents. Through this partnership, Bold Penguin users will gain access to NEXT’s general liability and professional liability products. This relationship also provides access to agents seeking additional markets, allowing them the opportunity to get a NEXT sub-appointment quickly through Bold Penguin, resulting in more quote opportunities.
NFP introduced Totalis Program Underwriters, a new brand for its specialty program business. Totalis consolidates top specialty underwriters into a single integrated platform, offering niche specialty solutions across many industries with a full suite of services, including underwriting, product development and distribution. Totalis is led by Tom Gillingham, head of programs at NFP, and includes 17 distinct programs representing $750 million in annual gross written premium.
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