Bold Penguin Adds Business Auto to Its Commercial Insurance Exchange

The newly added capability allows business use auto insurance to be quoted alongside the other types of coverage in a bundled fashion through a single application.

(Image credit: Héctor González.)

Bold Penguin, a Columbus, Ohio-based commercial insurance technology provider, has announced the addition of commercial auto insurance to its platform. The newly added capability allows business use auto insurance to be quoted alongside the other types of coverage in a bundled fashion through a single application.

Mark Berven, President & COO, Nationwide Property & Casualty.

“We are excited to go live with commercial auto which was in high demand from our existing broker partners,” comments Ilya Bodner, founder and CEO, Bold Penguin. “This is a significant enhancement to our platform, which now allows for other lines such as general liability and workers comp to be quoted alongside business auto through a single, uniform, tightened up application flow. Following this announcement, we will be expanding commercial auto options and continuing our expansion into E&S.”

Nationwide Mutual Insurance Company is one carrier now offering commercial auto insurance, amongst other small business coverages, utilizing the latest technology advancement in its Commercial Digital Storefront. The company won the highest ranking for overall customer satisfaction two years in a row in J.D. Power’s 2018 and 2019 U.S. Small Commercial Insurance Satisfaction Studies.

Ilya Bodner, CEO, Bold Penguin.

Efficient, User-Friendly Experience

“Nationwide is proud to have spent the last 90 years empowering and protecting small business owners,” comments Mark Berven, President and COO, Nationwide Property & Casualty. “Integrating Commercial Auto into our Commercial Digital Storefront tool with Bold Penguin allows us to continue to support small business owners with an efficient, user-friendly experience.”

Bold Penguin says its technology allows agents to quote and bind policies for SMBs three times faster than the traditional process. The addition of commercial auto to the platform, which the company says is now the largest commercial insurance exchange, streamlines the quoting experience for General Liability, Business Owners Policy (BOP), Professional Liability, and Workers Compensation.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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