(Image source: WIU homepage.)
Workforce Insurance Underwriters (WIU; Jacksonville, Fla.), an MGA and wholesale insurance broker with a specialized focus on independent trucking owner-operators and trucking line companies, has selected and implemented the Joshu (Menlo Park, Calif.) platform to power occupational accident, contingent liability, non-trucking liability, physical damage, and workers’ compensation coverages for the commercial trucking industry. Joshu’s portal is designed to enable insurers to launch online distribution channels quickly and independently.
Working with Joshu, WIU launched and distributed five completely digital products in over 30 states in just eight weeks, thereby allowing brokers to submit business quickly and easily for the commercial trucking industry, according to a Joshu statment. The vendor adds that WIU is working with Joshu to streamline underwriting and manage any submissions requiring underwriting referral.
“WIU prides itself on staying ahead of the curve—a goal made possible by our selection of Joshu,” comments James M. Obregon, president, WIU. “Thanks to this collaborative implementation, we’ve been able to launch a cutting-edge underwriting system for our customers faster than we thought would be possible. This relationship ensures innovation will continue to be the focus of both organizations moving forward.”
Tools to Win New Markets Faster
Joshu describes its offering as an insurance product development and distribution platform that helps insurance product owners configure, launch and update products without coding. Designed for insurance professionals and packed with features accelerating product setup, Joshu’s says its portals and Underwriter Desk come out of the box and support the full lifecycle of a policy. “Founded by technology experts experienced in selling insurance online, Joshu was purpose-built to give insurance professionals the tools needed to harness digital distribution and win new markets faster,” the vendor statement says.
“The fact that we have been able to take WIU to market so quickly is an excellent demonstration of Joshu’s ability to implement technology which powers digital distribution for the insurance industry’s leaders,” comments Roy Mill, co-founder and CEO, Joshu. “Their team of experienced insurance product experts is extremely knowledgeable in terms of industry processes, underwriting, and distribution, and they have been a natural fit and an excellent partner throughout.”