(Image source: Foxquilt website.)
Bold Penguin (Columbus, Ohio) has added Foxquilt (Toronto) to its Terminal marketplace, expanding admitted commercial general liability coverage options for agents using the platform.
Nicole Farley, SVP, Chief Insurance Officer, Bold Penguin.
Foxquilt is a digital MGU offering instant quoting for eligible risks and 24/7 binding capabilities for commercial insurance policies.
Through the integration, agents with Foxquilt market access appointments can quote and bind policies directly through the Bold Penguin Terminal. The addition expands the range of carriers and wholesalers accessible through the platform.
“Small businesses are the backbone of our economy,” comments Nicole Farley, SVP and Chief Insurance Officer, Bold Penguin. “Our work with Foxquilt is intended to help agents access coverage options more efficiently so they can place business more quickly.”
Foxquilt’s underwriting platform uses data and machine-learning models to support underwriting for more than 500 classes of business across contractor, personal services and e-commerce sectors.
Bold Penguin provides digital distribution and placement technology designed to support commercial insurance brokers, wholesalers and carriers. Foxquilt focuses on general liability insurance products for contractors and small businesses in North America.
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