Progressive launches online quoting platform for small businesses

Insurance Business America | May 09, 2019

Progressive has announced the launch of an online quoting platform for small business owners, BusinessQuote Explorer (BQX). Users of BQX can get access to multiple business insurance quotes in an average of 11 minutes or less, according to Progressive. “We understand the number of demands today’s small business owners are faced with and are constantly looking at ways we can innovate the process of quoting business insurance to save them time and alleviate their questions and concerns,” said John Parbagallo, Progressive commercial lines president. “With BusinessQuote Explorer, we can help make the process of selecting an insurer and getting an accurate quote fast and easy so small business owners can get back to what matters most – running their business.” Currently, BQX offers quotes for business owner, professional liability, workers’ compensation and general liability policies, Progressive said.

Spotlight

As insurance executives seek to better manage customers, loss ratios and risk & compliance, while ensuring profitability, actionable analytics is emerging as a critical success factor contributing to industry differentiation. Despite the emergence of technologies and applications in business intelligence and analytics, many insurers still struggle with how to access, integrate and analyze data from a variety of legacy systems. Organizations that are able to leverage analytics will be positioned to achieve a sustainable competitive advantage. In the near future, analytics will play a vital role in helping insurance executives navigate the technical and operational complexities to accelerate time-tovalue from such investments.

Spotlight

As insurance executives seek to better manage customers, loss ratios and risk & compliance, while ensuring profitability, actionable analytics is emerging as a critical success factor contributing to industry differentiation. Despite the emergence of technologies and applications in business intelligence and analytics, many insurers still struggle with how to access, integrate and analyze data from a variety of legacy systems. Organizations that are able to leverage analytics will be positioned to achieve a sustainable competitive advantage. In the near future, analytics will play a vital role in helping insurance executives navigate the technical and operational complexities to accelerate time-tovalue from such investments.

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