IVANS Insurance Solution has made an announcement about a partnership with commercial insurance exchange Bold Penguin. With this partnership Bold Penguin will connect to the IVANS distribution platform, which is the platform for commercial lines marketing and sales distribution, with the partnership IVANS distribution platforms will expand agency access to more insurers, creating new business opportunities.
IVANS distribution platform enhances the commercial line policy life-cycle, which will support both straight-through processing and more complex risks which require an underwriter’s attention. This platform will also help to identifies market appetite as part of the process to enhances efficiencies and submission volume, with lower declination rates.
Jim Stuntz, Bold Penguin COO said that they have been a big fan of IVANS for its leadership for a while, by connecting Bold Penguin and IVANS, the partnership will scale integration and completeness of panel faster and also showed the excitement about this partnership.
Reid Holzworth, chief executive officer of IVANS insurance solution said that this partnership will help to expand the markets which Bold Penguin provides to their agency customers, which will also be broadening the distribution channel to create more business opportunities for all stakeholders.
The Bold Penguin Exchange will allow the insurance agents to connect to one platform to identify qualified small business prospects, evaluate real-time eligibility for various sets of carriers and then quote and bind multiple products through an application. With IVANS Distribution Platform participants of the Bold Penguin exchange can get to a growing integration of insurance products and digital bind capabilities.
