Dremca Digitizes with Wunderite

Boston-based InsurTech Wunderite digitizes sales process for startup independent insurance agency Dremca and insurance carrier partner Acadia.

(Image source: Wunderite website.)

Wunderite (Boston), provider of a customer-facing platform for independent insurance agencies, has announced a partnership with Dremca (Groton, Mass.), which pitches itself as digital-first insurance agency highlighting how agencies can collaborate with insurance carriers to automate processes and deliver a more modern purchase experience for customers.

Peter MacDonald, CEO and Co-Founder, Wunderite.

Dremca’s first product, an inland marine policy, is designed for individuals and businesses purchasing small equipment, including tractors, utility vehicles, and skid steers, and is underwritten by Acadia Insurance (Westbrook, Me.), a Berkley company (Greenwich, Conn.). Dremca’s inland marine policy is currently available in Massachusetts and will soon be available in Connecticut, Maine, New Hampshire, New York, Rhode Island, and Vermont, according to a joint announcement from Wunderite and Dremca.

“Wunderite’s technology facilitates a new model for independent agents and their carrier partners who are willing to work together,” comments Dennis Murphy, founder, Dremca. “This partnership finally allows independent agents like us to deliver instant, transparent, up-front pricing and a nearly instantaneous purchase experience to our customers. This is what customers expect in our on-demand world. To make it easy for customers, we have to align quality, speed, and accuracy. Working with Wunderite and Acadia makes it possible.”

Dennis Murphy, Founder, Dremca.

Wunderite says it provides Dremca a modern, full-stack web-application that digitizes agency workflows and automates quoting, binding, and proof-of-insurance issuance. For Acadia, Wunderite provides a 100 percent digital new business workflow that, in partnership with Dremca’s independent agent distribution footprint, strengthens existing sales channels.

Easier Ways to Offer Quality Products

“Independent agents need easier ways to offer quality products,” comments Matthew McManus, AVP Specialty Marine, Acadia. “With Dremca, the Wunderite team made it easy. We have high hopes for this innovative opportunity.”

Matthew McManus, AVP Specialty Marine, Acadia.

Founded by insurance industry and small business veterans Peter MacDonald and Joe Schnare, Wunderite says its mission is to make insurance transparent and approachable by simplifying and automating the sales and underwriting process.

“As a former independent agent, I know there is tremendous growth potential for agents to do business entirely online,” says Peter MacDonald, CEO and co-founder, Wunderite. “Working with the Dremca and Acadia teams, we relentlessly focused on improving the customer experience while digitizing back office processes.”

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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 AnthODonnell@IIReporter.com or (503) 936-2803.

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