USG Insurance Services, Inc. | September 29, 2021
Simply Business, Inc., a Boston-based digital insurance agency focused on small businesses, announced the launch of cyber liability insurance. The new product, developed in partnership with USG Insurance Services, provides small businesses with coverage for financial losses resulting from data breaches and other cyber events, as well as for crisis management, public relations, fraud response, and forensic and legal expenses.
Cyber risk is a top concern for small business owners across all industries, and the costs of a single attack can be significant, Our new, affordable solution provides entrepreneurs with the ability to better protect against cyber threats and safeguard the businesses they've worked so hard to build.
- David Summers, Group CEO of Simply Business.
This cyber offering is available for an annual premium of $250 and expands Simply Business's suite of tailored insurance solutions, which includes general liability, professional liability, errors and omissions, and tools and equipment coverage.
About Simply Business
Simply Business is changing the way small business owners find business insurance by offering customers tailored insurance coverage online. The company began in the United Kingdom and expanded to the United States in 2017, naming Boston home. With over 750,000 customers globally, Simply Business has become a leader in the space through its commitment to a customer-first model, focusing heavily on simplicity, choice and value.
About USG Insurance Services, Inc.
USG is a national wholesale broker and managing general agent (MGA) with 20+ offices across the country. USG represents 300+ A rated carriers, both admitted and non-admitted and is an MGA for 17 carriers, writing business in all states. USG's mission is to become the #1 provider of innovative solutions for the risk management industry – exceeding expectations with its advanced technology, creative problem solving, and research capabilities.
APOLLO Insurance | July 15, 2021
APOLLO Insurance, Canada’s largest online insurance provider, has collaborated with CAARY, a financial platform for small and medium-sized businesses (SME), to provide visitors to caary.com with customized digital insurance products.
APOLLO Insurance, which debuted in 2019, currently has the biggest selection of online insurance in Canada, thanks to brokers and integrated partnerships. Consumers can obtain a quote and buy insurance via APOLLO in five minutes, from any device, 24 hours a day, seven days a week. As a result, CAARY is changing how Canadian small businesses get credit and manage their spending and expenses. CAARY will use its partnership with APOLLO to provide its clients with digital access to value-added insurance products.
CAARY, which will launch its complete platform offering this autumn after a private beta this summer, is a first-of-its-kind corporate credit card solution for Canada’s more than 850,000 SMEs that still depend on personal credit. CAARY, which uses the renowned Mastercard network, offers same-day credit card acceptance, no personal guarantee requirements, and near-instant virtual card issuance, with physical cards issued on demand. In addition, the CAARY senior leadership team, made up of former senior banking executives and entrepreneurs, has developed a model for assessing and offering credit to SMEs based on cash flow and assets rather than credit history, a novel approach that is expected to benefit this underserved market in Canada significantly.
The APOLLO Exchange, APOLLO’s proprietary technology platform, transacts insurance business in real-time, using vast data and powerful algorithms to quote, collect a payment, generate and distribute policies. As a result, APOLLO enables thousands of small businesses and individuals to purchase online without the need for human intervention.
About APOLLO Insurance
Apollo Insurance Solutions Ltd. (“APOLLO Insurance”) is the largest online insurance company in Canada. The APOLLO Exchange, our unique platform, enables insurance brokers and their clients to buy their coverage instantly, from anywhere, on any device, 24 hours a day, seven days a week.
Unlike traditional paper-based procedures, APOLLO uses vast data and sophisticated algorithms to quote, collect money, and issue policies for thousands of different kinds of small businesses and individuals without the need for human intervention.
APOLLO is reinventing insurance distribution through traditional agents and embedded finance partnerships.
CAARY is a financial technology company with a mission to reimagine products, processes, and the client experience to transform and streamline credit and banking for businesses. CAARY is a fully digital corporate card that is more than just a credit card. CAARY’s expenditure management and spend control features are intended to give you back control and time so you can focus on growing your business.
CAARY has developed the next generation of financial tools to improve the efficiency of your company credit and banking experience, just like the rest of your digital life.
Insight Risk | June 29, 2022
Insight Risk has successfully deployed Beyond Policy Administration® (BPA), a next-generation policy administration platform, according to ChainThat, an Xceedance company that specializes in software-as-a-service (SaaS) platforms for the global insurance sector.
Insight Risk is a technology-driven, builders' risk-focused managing general agency based in Westport, Connecticut, USA (MGA). The company sought a core platform capable of rapid, full product deployment and policy lifecycle change management to support organizational growth. A flexible, adaptable framework was also required to support the changing priorities of the business, its customers, and fronting partners. BPA from ChainThat was identified by Insight Risk as the most comprehensive fit to meet the company's operational needs and expansion goals.
“Our company set out to use connected devices to drive better underwriting and risk selection, Adopting BPA as our core platform allows us to improve risk evaluation and loss control, streamline engagements with agents and brokers, and provide peace of mind to our fronting carriers. With BPA, we can adapt to market changes quickly, focus on generating new revenue, and provide best-in-class service to our customers and capacity providers, such as Munich Re Group Specialty Insurance Services.”
-Chad Hollingsworth, president of Insight Risk
The BPA platform's advanced and secure technical framework is based on a modern micro-services architecture. BPA provides full API access to all PAS components as well as a modern, drag-and-drop interface for deploying, managing, and updating standard and complex insurance products in near real-time. The system streamlines the policy lifecycle, improves data connectivity, and can be integrated as a self-branded, external broker or customer portal. BPA includes a self-service reporting suite that can be tailored to meet the data analytics requirements of any insurance company.