(Image source: Vindati homepage.)
Broker Buddha (New York), provider of a quoting platform for commercial insurance, has announced the launch of a new quoting platform in partnership with Vindati, a New York-based managing general agency (MGA), which offers brokers access to specialty products through a digital channel. The partnership will enable real-time quoting for builders’ risk and contractors’ equipment insurance via Broker Buddha’s newly launched submission platform.
Broker Buddha pitches its proprietary technology as helping Carriers, MGAs, and underwriters grow premiums by making time for underwriters to quote more policies. Using a modern, familiar portal design, underwriters can manage, track and prioritize submissions as well as issue quotes and collaborate with independent agents to win more business, according to the company.
“The partnership with Vindati is a critical step on our path to creating a new operating system for the commercial insurance industry,” comments Jason Keck, CEO, Broker Buddha CEO. “As a digital MGA with deep industry experience, Vindati can rapidly develop and launch new insurance products online faster than any other company in the space. We’re helping make those products available to a huge network of agencies.”
“The broker experience is a huge priority for us, and we are excited to add value to Broker Buddha’s customers with our fast, customizable, and bindable quotes,” comments Hugh Burgess, CEO, Vindati.
Faster, Easier and More Customer-Friendly Online Experience
Broker Buddha aims to create a faster, easier and more customer-friendly online experience for commercial insurance. The platform’s features include converting static PDFs into interactive, customer-friendly smart forms, which brokers can use to collect information from their clients and collaborate on the completion of insurance applications.
Vindati offers specialty products for small to mid-sized businesses through what the company calls integrated shopping experience for brokers, both traditional and digital. Its first products are Contractors Equipment, Builder’s Risk, and Farm/Ranch owners’ packages; long-term plans include expansion to a range of business products, including Commercial Articles, Motor Truck Cargo, and Warehouse Legal.