Amwins has launched Amwins InstantQuote (Amwins IQ), an online marketplace providing rapid access to firm, bindable quotes from multiple carriers, aiming to combine the convenience of online quoting with the scale of the nation’s largest P&C wholesaler.
With Amwins IQ, users can instantly obtain quotes, easily compare multiple markets, and promptly access A-rated carriers, all while benefiting from the expertise of Amwins specialists.
The platform also allows users to select from quality markets with pre-negotiated amendatory endorsements automatically included, making it ideal for middle-market and personal lines accounts.
Moreover, Amwins IQ’s digital technology unlocks more opportunities for carriers that were traditionally challenging to access by leveraging data to provide additional predictive insights, underwriting control, and portfolio management capabilities.
For risks that don’t align with a carrier’s straight-through processing appetite, there is a built-in referral system for manual underwriting. Additionally, Amwins brokers are readily available to assist with more complex placements.
The digital platform currently offers multiline quoting on various Professional Lines coverages, including Cyber Liability, Misc. E&O, D&O (Private and Non-Profit), EPL, and Tech E&O with Cyber.
Ben Sloop, Chief Operating Officer at Amwins, comments, “Amwins IQ represents the next evolution of digital capabilities in the specialty space, empowering retail clients by giving them choice and speed of execution.”
“Our digital marketplace is the only seamless experience in the market, powered by our expert underwriters and technology, and is backed by our firm’s investment in data and analytics – providing our customers a high level of confidence in the quality of coverage they can procure for their small to mid-sized accounts,” Sloop adds.
Tom Parsons, Head of Digital Strategy at Amwins, further highlights, “Our online marketplace connects our retailer and carrier partners in an intuitive and flexible way, providing transparency and choice to our retailers, and efficiency and underwriting rigor to our carriers.”
Parsons concludes, “We will continue to invest in providing retail facing technology, tied directly to our underwriting and brokerage specialists.”
