Industrial Insurtech Daring Penguin Provides Auto Insurance coverage to Change

Daring Penguin, a U.S.-based industrial insurtech agency, not too long ago introduced it has added industrial auto insurance coverage to its insurance coverage platform. Based on Daring Penguin, the brand new functionality will permit enterprise use auto insurance coverage to be quoted with different insurance coverage protection in a bundle. Talking concerning the auto insurance coverage add on, Ilya Bodner, Founder and CEO of Daring Penguin, acknowledged:

“It is a important enhancement to our platform, which now permits for different traces resembling basic legal responsibility and staff comp to be quoted alongside enterprise auto via a single, uniform, tightened up software circulation.  Following this announcement, we shall be increasing industrial auto choices and persevering with our growth into E&S.”

Based in 2016, Daring Penguin claims it launched a “excessive environment friendly” change that enhances the connection between clients, brokers, and carriers whereas decreasing friction within the insurance coverage shopping for course of.

“Integrating expertise with the human contact, the change is powered by a advice engine that’s at all times studying, using knowledge to foretell the optimum placement of insurance coverage dangers. Tens of 1000’s of insurance policies are processed via their platform every month. Daring Penguin companions with prime brokers and insurers to make underwriting small industrial easier, sooner, and extra worthwhile.”

The launch of auto insurance coverage on the platform comes lower than two months after Daring Penguin reportedly acquired xagent, an extra and surplus brokerage tech options supplier. On the time, xagent revealed it will likely be integrating with the Daring Penguin change. On the time, Bodner shared:

“We’re obsessive about upgrading the industrial insurance coverage ecosystem, serving to it evolve to satisfy the wants of all of the gamers and meet up with the tempo of technological innovation. xagent shares this imaginative and prescient and fervour; as an alternative of forcing the market to decide on between our divided options, buying xagent offers clients one easy, complete answer to belief.”