CORE INSURANCE,INSURANCE TECHNOLOGY
Coterie Insurance and Vertaforce | January 11, 2023
On January 10, 2023, Coterie Insurance officially launched Vertafore's award-winning Commercial SubmissionsTM platform, which handles business owner’s policies (BOP) and general liability policies. Coterie, the platform's first MGA, will make it easier for independent brokers to bind and quote small commercial insurance.
The time-consuming process of quoting small business insurance lines has been made simpler using Commercial Submissions by independent agencies since it became available last spring. The platform's automated data entry tasks and connectivity with carriers have produced significant results for independent agents, enabling them to offer their business clients a better experience.
Coterie's mission and goals, which focus on revitalizing the business through digital tools, are entirely consistent with those of Commercial Submissions. Using Coterie, agencies will have access to Commercial Submissions and be open to a wider variety of specialized commercial alternatives.
Becky Monfre, Coterie's Director of Digital Partnerships, said, "We are excited to engage with Vertafore's vast network of agents on the Commercial Submissions platform and offer our BOP and general liability quotes to their agents. She further added, "Coterie is uniquely positioned on the platform to offer bindable quotes with minimal questions, as a fully digitally underwritten insurance product. This puts a quote in the agent's hand to present to their clients within minutes, offering unique products and coverage in all 50 states."
(Source: Cision PRnewswire)
"We are thrilled to welcome Coterie Insurance to Commercial Submissions and to further increase connectivity across the entire insurance distribution channel. Coterie's addition expands access to their policy solutions and adds to the platform's momentum, providing participating agents with another communicative, world-class partner who can help them quickly match customers with the product options that are right for them," said James Thom, Chief Product Officer at Vertafore.
(Source: CisionPRnewswire)
About Coterie Insurance
Coterie Insurance helps in getting quotes and buying insurance. Small businesses can get the services they need through their website, through an independent agent, or with help from the company's support team. The company, which started operations in 2018, has its main office in Cincinnati (Ohio).
About Vertafore
Founded in 1969, Vertafore is modernizing and streamlining the insurance life cycle and helping its customers prioritize what's truly important to them. As a result, independent agencies, MGAs, and carriers can increase efficiency, productivity, and profitability with the help of Vertafore's solutions. It provides end-to-end connectivity across the distribution channel, enhances the client and agent experience, unlocks data's power, and streamlines essential workflows.
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CORE INSURANCE, INSURANCE TECHNOLOGY
Sure | March 14, 2023
Sure, a leader in insurance technology recently unveiled its latest product - Retrace. This innovative technology empowers online merchants to offer their customers embedded one-click insurance and protection.
Retrace offers a suite of APIs, enabling online merchants to embed insurance and protection into various use cases such as e-commerce returns, travel insurance, and product warranty protection at any stage of the purchase process.
With the help of Retrace, online retailers are able to grow their customer base by providing an improved customer experience. This results in higher levels of customer satisfaction and generates more brand advocates. Also, they have the ability to diversify their revenue streams while simultaneously increasing their top-line revenue.
Sure is introducing its first e-commerce solution with the launch of Retrace. This innovative technology empowers online merchants to provide return shipping protection to their customers at the point of sale, covering the cost of returning goods. Retrace's embedded Return Shipping Protection is a revolutionary technology that streamlines the online shopping experience for merchants and consumers, reducing friction.
Wayne Slavin, Co-Founder and CEO of Sure, stated, "Retrace is the latest offering of Sure's innovative technology to unlock the potential of digital insurance and protection through frictionless online customer experiences."
He added, "Our technology reaches and engages customers wherever they are on their journey, and with Retrace, we are enabling online merchants to provide customers with embedded insurance and protection tools. We're starting with the first of its kind one-click return shipping protection but the sky's the limit, and we have set our sights on a variety of other products spanning travel insurance to warranty protection and beyond."
(Source – Cision PR Newswire)
About Sure
Sure is a prominent insurtech company that powers some of the world's most recognized brands and carriers. Its enterprise SaaS infrastructure and embedded insurance programs drive the insurance industry forward, allowing it to reach its full potential in the digital age. Sure's customers use its unified system of APIs to streamline the entire insurance lifecycle, leading to enhanced customer experiences and efficient digital operations. Founded in 2015, the company is based in Santa Monica (California) and has offices worldwide.
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CORE INSURANCE, INSURANCE TECHNOLOGY
PCF Insurance Services | February 02, 2023
On February 1, 2023, PCF Insurance Services informed that it has acquired Oak Point Risk Advisors, a risk management and insurance agency for the construction, gas, oil, and maritime industries, to expand its capacity.
This integration will bring a collaborative experience, an extended relationship with local clients, and accelerated coverage, pricing, and financial solutions for unique business risks. The reason behind its success is its data-driven strategies, innovation, standard practices, entrepreneurial mindset, strong local relations, and best customer experience. Its Agency Partners will harness its strong market, shared services, and more possible solution choices for clients.
Founder, Chairman, and CEO of PCF Insurance, Peter C. Foy, said, "We are excited to welcome Oak Point Risk Advisors to our PCF Agency Partner network." He further added, "Oak Point is a growing agency with a unique and deep understanding of the risks businesses along the Gulf Coast face, and their expertise in mitigating risks in the hazardous industries that they serve will be invaluable to our partner network."
(Source – Cision PR Newswire)
President of Oak Point Risk Advisors, Ronny Sternfels, said, "At our very core, Oak Point Risk Advisors is a client service organization that prides itself on being a trusted advocate for our clients." He further added, "By joining the PCF Agency Partner network, we are empowered to build upon and expand our risk management and insurance packages to protect the workforce and business continuity of our clients."
(Source – Cision PR Newswire)
About PCF Insurance Services
PCF Insurance Services is a brokerage, risk management, and insurance services company that, through its Agency Partner network, has provided unparalleled financial solutions to its clients since 1987. It works in the fields of travel insurance, captive insurance, transportation insurance, home and auto insurance, professional liability insurance, marine insurance, sports and entertainment insurance, risk management, cyber liability, employee benefits, general and excess liability insurance, agriculture and crop insurance, commercial insurance, natural catastrophe insurance, shared services, an insurance agency network, mergers and acquisitions, workers' compensation, property, casualty, and surety bonds.
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