Broker INSURICA Joins Bold Penguin Exchange

Through the partnership, INSURICA will be able to write more small business insurance and accelerate small commercial growth.

(Image source: Bold Penguin.)

Bold Penguin, a Columbus, Ohio-based technology provider operating a commercial insurance exchange, announced that insurance broker INSURICA (Oklahoma City) has joined its exchange platform. INSURICA, the 23rd largest privately held insurance agency in the United States, will use Bold Penguin’s exchange to service more small businesses, fueling the company’s growth in its small commercial division, INSURICA Express, according to a Bold Penguin statement.

INSURICA, founded in 1959, has over 600 employees in 30 offices across the country. The company is frequently recognized as a Best Practices and Best Place to Work Agency by The Journal Record and earned the title of Rough Notes’ Agency of the Year in 2018. INSURICA Express was launched in 2015 to address the growing needs of small businesses.

Ilya Bodner, CEO, Bold Penguin.

Serving More Small Businesses

“One of our core values is ‘Do what is right’ and this ties into everything we do,” comments John Hester, SVP, Branch Relations, Mergers & Partnerships, INSURICA. “Our team is committed to the businesses we serve—doing what is right for them is what is right for us. Joining Bold Penguin’s exchange allows us to do just that: serve more small businesses by protecting their operations with the best coverage possible.”

“INSURICA is one of the most trusted names in the industry. We’re thrilled to welcome another Top 100 brokerage to our exchange where they will be helping small businesses across categories like manufacturing and contractors have a more streamlined quoting experience,” said Ilya Bodner, founder and CEO, Bold Penguin.

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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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