Today’s insurance technology — from commercial raters for single-entry quoting and digital submissions applications to appetite search and more — allows agencies to integrate the commercial quoting process directly into their agency management system. (Credit: yutthana/Adobe Stock)
The small-to-medium commercial insurance space grew steadily over the past several years.
Global commercial property and casualty lines have seen strong financial performance since 2018, according to a 2023 McKinsey report, with premiums growing at an annual rate of 6% to 8%. Many factors have played a role in this growth, including hard market conditions, carriers pulling out of states like Florida and California, and increasing demand for specialized insurance coverage to manage unique risks.
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Raghav Tanna
Raghav Tanna serves as the Senior Vice President, Product Management, Commercial Lines and Chief Executive Officer, Tarmika. After getting his start in the industry in 2015 as a commercial insurance producer and underwriter, Raghav founded insurtech startup Tarmika, a commercial lines comparative rater that streamlines the quoting process and increases the efficiency and profitability of insurance agents and carriers. Tarmika was acquired by Applied Systems in August 2022. Raghav also serves as a board member of Little Sparks Project, a non-profit organization that supports children with complex conditions and their families.
