Tokio Marine and Vindati Partner on Personal Property Floater Coverage

The new product, which provides broad coverage for a wide variety of commercial property, is now available via Vindati’s online rate, quote, bind and issue platform.

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Tokio Marine America (New York) has partnered with Vindati (New York), an InsurTech MGU offering specialty products and an integrated shopping experience for brokers and agents, today announced the launch of a new scheduled property product called the Business Personal Property Floater.

Hugh Burgess, CEO, Vindati.

The companies report that the new product, which provides broad coverage for a wide variety of commercial property, is now available via Vindati’s online rate, quote, bind and issue platform. Coverage can be written for business personal property of a mobile nature and for property which is not permanently at a specific location, as well as for property at fixed locations where a traditional property policy does not provide adequate coverage or is not applicable.

“Our new Business Personal Property Floater further expands our offerings, enabling us to better serve our customer base with the kind of turnkey products that clients want and need,” comments Hugh Burgess, Founder and CEO, Vindati. “We’re thrilled to welcome Tokio Marine as the latest Vindati partner, and look forward to providing them with the tools to issue scheduled property products with ease.”

“This agreement provides a mechanism for us to write scheduled property floaters in a cost effective, efficient manner, which represents a valuable addition to our current offerings,” comments Ben Tuttle, SVP Marine, Tokio Marine. “Vindati’s quick issuance and rapid quoting capabilities are great for handling smaller accounts in an efficient manner, and we’re excited to partner with them to bring this product to market.”

The new product is the latest in Vindati’s range of specialty insurance offerings, including Builder’s Risk, Contractors Equipment, Farm & Ranch, Installation Floaters, Ocean Cargo, Small Tools, Surety, and Worker’s Compensation packages, all of which can be accessed, quoted and bound in minutes at www.vindati.com, a company statement says.

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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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