Bold Penguin, Next Insurance team up to fill coverage gaps for SMBs
US-based commercial insurance technology company Bold Penguin has partnered with Next Insurance to expand offerings for small businesses.
Next specialises in providing cover for small businesses. Bold Penguin focuses on small commercial insurance for carriers and agents.
Bold Penguin said the partnership will enable its users to gain access to Next’s general liability and professional liability products. Additionally, it will offer access to agents seeking additional markets, resulting in more quote opportunities.
Nicole Farley, vice president of carrier operations at Bold Penguin, said: “Our partnership with Next Insurance was a natural fit from the beginning. Our mutual goals of empowering small business owners and the agents that serve them are a win-win for all parties. Expanded coverage options will be an invaluable resource for our users, especially in regard to quoting and binding current hardening market trends and beyond.”
Jack Ramsey, vice president of agent business, Next Insurance, commented: “At the start of the year, NEXT set out to reaffirm its commitment to agents by providing them the tools and product capabilities to help them grow their businesses. We are excited about this partnership with Bold Penguin, as the integration of its technology and NEXT’s digital underwriting will allow agents to find the best policies for their customers more quickly and with significantly less effort.”
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