Menu

Reinsurance News

EverQuote & InsurTech Bold Penguin partner on launch of commercial market

29th October 2019 - Author: Luke Gallin

EverQuote, Inc., an online market for insurance shopping in the U.S., has entered into a new partnership with InsurTech innovator Bold Penguin on the launch of its commercial lines marketplace.

mergers and acquisitionsBold Penguin targets increased speed-to-bind for commercial insurance via platforms that enhance connections between all parties, ultimately reducing friction in the purchasing process.

Under the new partnership, EverQuote is to leverage Bold Penguin’s terminal and exchange infrastructure to rapidly accelerate its path to market while at the same time, expanding the market opportunity for online commercial insurance providers and buyers.

Seth Birnbaum, Chief Executive Officer (CEO) of EverQuote, commented: “We admire the technology and data platform that Bold Penguin has built to solve the biggest challenge in commercial lines insurance distribution today. We have great respect for Ilya, Ben and their team, and believe that working together we will have a larger impact on the commercial insurance landscape.”

It’s expected that the partnership between the pair will benefit from a shared desire to make insurance simpler and more efficient, and will make the most of the unique assets and areas of expertise of the two firms.

Bold Penguin’s Founder and CEO, Ilya Bodner, added: “Bold Penguin was designed to be an enablement platform and EverQuote’s ability to utilize the technology and execute has been exceptional. We’re happy to power another initiative and work together to remove the inefficiencies in commercial insurance.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Sub-Saharan Africa provides reinsurers with a unique opportunity: A.M. Best

The reinsurance landscape across Sub-Saharan Africa is unique, and while economic and political risks continue to pose challenges for market...

Close