AmTrust, Bold Penguin expand small business insurance partnership
US-based commercial insurance technology company Bold Penguin has expanded its small business insurance partnership with property/casualty insurer AmTrust.
The partnership will see AmTrust leverage Bold Penguin's newly launched terminal to strengthen its digital binding capabilities in the small commercial insurance market for small business owners, agents, and brokers.
The insurtech's platform will also provide AmTrust payment plan options, and expand its technical integrations with AmTrust's suite of APIs in order to gather additional underwriting and rating information around employee categories.
Chris Foy, EVP and head of North American commercial for AmTrust, said: "The Bold Penguin Terminal gives us the flexibility and speed needed to both supercharge our growth and customer experience. Our customers and our agents will benefit from the digital efficiencies we're able to launch with Bold Penguin."
Ben Clarke, co-founder and chief data officer of Bold Penguin, commented: "AmTrust is an incredibly forward-thinking organisation. We are thrilled to work with their teams to expand our integrations, leveraging AmTrust's suite of APIs to build out more robust capabilities around data, underwriting, and user experience."
