The Hartford ranked No. 1 for digital capabilities in Dynatrace’s Small Commercial Insurance Scorecard. The competitive benchmark study evaluated the top 10 small commercial insurance brands across eight key areas. The Hartford led multiple categories including Functionality, Privacy and Security, overall Ease of Use, as well as tasks associated with digitally viewing and managing a… Continue reading The Hartford Ranks No. 1 for Small Commercial Digital Capabilities
Tag: commercial lines insurance
QBE North America Names Industry Veteran Tom Fitzgerald as President, Specialty & Commercial
Integrated Specialist Insurer, QBE North America announced today the appointment of Tom Fitzgerald as President, Specialty & Commercial. Fitzgerald most recently served as Chief Executive Officer of Aon Risk Solutions’ global broking operations. As a member of the Executive Leadership Team, Fitzgerald will report to Todd Jones, QBE North America Chief Executive Officer. One of… Continue reading QBE North America Names Industry Veteran Tom Fitzgerald as President, Specialty & Commercial
Worldwide Facilities Acquires Risk Management Advisory Group
Worldwide Facilities, LLC (“Worldwide”), a national wholesale insurance brokerage, managing general agency and program manager, announces the acquisition of Risk Management Advisory Group (“RMAG”), a managing wholesale broker that provides specialty personal and commercial line products to retail agents primarily in the southeast region of the United States. “We are extremely pleased that Mitzi Herrera,… Continue reading Worldwide Facilities Acquires Risk Management Advisory Group
Applied Systems to Acquire Indio Technologies to Accelerate Digitization of Commercial Lines Submissions
Applied Systems today announced that it has entered into a definitive agreement to acquire Indio Technologies, Inc. (“Indio”) as a critical component of its investment in digitizing the end-to-end commercial lines submissions process across agencies, brokers, insurers and insureds. Indio is the leading solution for the insurance application and renewal process, enabling agencies and brokers… Continue reading Applied Systems to Acquire Indio Technologies to Accelerate Digitization of Commercial Lines Submissions
Newfront Insurance Announces New Chief Operating Officer Michael Brown
Newfront Insurance, a full-service retail brokerage, announces that effective immediately Michael Brown has joined as its chief operating officer. “I’m thrilled to welcome Mike to the Newfront team as our COO,” said Spike Lipkin, CEO and co-founder of Newfront. “As a seasoned and widely respected leader, he brings a tremendous wealth of experience to help… Continue reading Newfront Insurance Announces New Chief Operating Officer Michael Brown
Nationwide Partners with IVANS for Digital Distribution
IVANS, a division of Applied Systems, and Nationwide today announced that the insurer has selected IVANS Markets to automate underwriting appetite communications to more than 32,000 agents in the IVANS exchange. Leveraging IVANS Markets, Nationwide will be able to market its Small Commercial appetite more effectively, quickly reaching agents to drive profitable premium growth. “Nationwide… Continue reading Nationwide Partners with IVANS for Digital Distribution
InsurTech Innovator Bold Penguin Doubles Down on the Independent Agent Channel
Bold Penguin, a rapidly-growing commercial insurance technology provider, has opened up its agent-facing technology in cooperation with key carrier stakeholders. The Agent Terminal gives agencies an innovative, rules-based tool to write commercial insurance quickly, accurately, and more profitably than previously possible. “Our belief in the trusted advisor, the insurance agent, is one of the cornerstones… Continue reading InsurTech Innovator Bold Penguin Doubles Down on the Independent Agent Channel
Nationwide Launches New Commercial Digital Storefront, Transforming Small Business Protection Experience
As technology continues to influence consumer and commercial needs, digital enablement is critical for providing speed and ease of conducting business. Nationwide, recently named No. 1 in Customer Satisfaction for Small Commercial Insurance by J.D. Power,* announced today the launch of a new commercial digital storefront, offering small business owners the ability to generate a… Continue reading Nationwide Launches New Commercial Digital Storefront, Transforming Small Business Protection Experience
Small Business Commercial Insurance Customer Satisfaction Reaches All-Time High
Small business owners have never been more satisfied with their insurance providers, according to the J.D. Power 2019 U.S. Small Commercial Insurance Study,SM. The all-time high satisfaction score of 844 (on a 1,000-point scale) follows three years of stagnant satisfaction levels and is the result of insurance company investment in technology, servicing, product expansion and… Continue reading Small Business Commercial Insurance Customer Satisfaction Reaches All-Time High
Renewal Rates Experience Year-Over-Year Increase Across Nearly All Major Commercial Lines Products
IVANS, a division of Applied Systems, announced the results for Q2 2019 IVANS Index, the insurance industry’s premium renewal rate index. Year over year, Commercial Auto, Business Owner’s Policy, General Liability, Umbrella and Commercial Property all experienced increases in average premium renewal rate change; Workers’ Compensation remains in negative territory. Quarter over quarter, there was… Continue reading Renewal Rates Experience Year-Over-Year Increase Across Nearly All Major Commercial Lines Products