(Image credit: Shutterstock.)
Bold Penguin (Columbus, Ohio), a provider of technology solutions to the commercial insurance industry, reports that it is expanding the coverage capabilities of its platform through a newly launched integration with CNA (Chicago). The partnership enables agent and broker users of the Bold Penguin platform to triage, quote, and bind commercial insurance coverages through an API integration that is three times faster than traditional means, according to a Bold Penguin statement.
“CNA continues to invest in game-changing technology to streamline and support the independent agency distribution channel,” comments Wes Sprinkle, SVP, Small Business, CNA. “Partnering with Bold Penguin strengthens our mission to deliver the coverage and service that agents and small businesses need to succeed.”
One of the largest commercial property and casualty insurance companies in the United States, CNA has expanded its capabilities in the integration with Bold Penguin to offer Workers Compensation and Business Owners Policy (BOP) coverages to the ever-growing market.
Efficiency is Key
“Efficiency is key in quoting small commercial,” comments Ilya Bodner, Founder and CEO, Bold Penguin. “By welcoming additional key carriers to our platform, we’re allowing them and their distribution partners to radically reduce the number of screens, portals, and access points necessary to get to a quick and accurate result while preserving the values of the process.”
CNA joins a growing list of participating carriers for programmatic quote-and-bind capability, including Attune, biBERK, Homesite, Liberty Mutual, Encova, Homesite, Nationwide, Markel, and Hiscox.