Bold Penguin
UnclaimedReal-time, programmatic bind for commercial insurance, connecting brokers, agents, and carriers.
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TL;DR - Bold Penguin
- Connects insurance carriers, MGAs, and agents for efficient commercial insurance placement.
- Provides real-time risk-to-carrier matching and advanced market intelligence.
- Offers qualified commercial insurance leads and a way for agents to monetize out-of-appetite risks.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Streamlines new business acquisition for brokers and agents
- Increases yield in the digital funnel with lower agency cost per sale
- Expands digital distribution and quote opportunities for carriers and MGAs
- Improves underwriting quality through advanced classification systems
- Enables monetization of out-of-appetite risks for agents
Cons
- Specific pricing details are not publicly available.
- Requires integration with existing carrier and agent systems.
Key Features
Algorithmic best-fit matching of risk to carrierGranular full-funnel and portfolio data analyticsRapid configuration and A/B testing for digital funnelsIndustry-leading Market IntelligenceProgrammatic cross-sell capabilitiesBook roll automationAI integration for submission, underwriting, and coverage analysisAccess to a panel of national, regional, and specialty carriers
Pricing
Paid
Bold Penguin offers paid plans. Visit their website for current pricing details.
About Bold Penguin
By Toolradar Team·
Bold Penguin offers a comprehensive platform designed to streamline the commercial insurance process for carriers, MGAs, brokers, and agents. It facilitates real-time, programmatic binding of insurance policies, enhancing efficiency and profitability across the insurance ecosystem. The platform provides algorithmic best-fit matching of risks to carriers, granular data analytics, and rapid configuration capabilities, leading to higher conversion rates and reduced operational costs.
For carriers and MGAs, Bold Penguin expands digital distribution, increases quote opportunities, and helps bind more premium by providing a unified platform to deploy products to thousands of agents. It improves underwriting quality through advanced business classification, expedites agent approval, and offers actionable market intelligence. For agents, the platform, particularly through its 'Exchange' product, delivers curated commercial insurance leads, enables monetization of out-of-appetite risks, and maximizes customer satisfaction by ensuring clients find the right coverage.
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Bold Penguin FAQ
How does Bold Penguin help insurance carriers expand their digital distribution?
Bold Penguin enables carriers and MGAs to deploy and highlight multiple products to thousands of agents through a unified platform, increasing their digital footprint and quote opportunities. It also provides actionable intelligence to refine their digital strategy.
What is the 'Exchange' and how does it benefit insurance agents?
The 'Exchange' delivers qualified commercial insurance leads to agents by matching referred prospects with confirmed intent to buy to in-appetite agents via warm phone transfers. It also allows agents to monetize out-of-appetite risks by referring them to other agents who can assist.
How does Bold Penguin improve the underwriting process for carriers?
Bold Penguin enhances underwriting quality by utilizing a state-of-the-art business classification system and integrating AI into high-touch steps of the submission, underwriting, and coverage analysis processes, saving time and improving accuracy.
Can agents target specific industries or niches for commercial insurance leads?
Yes, the Bold Penguin Exchange allows agents to receive vetted, warm leads via phone transfer based on their chosen criteria, making it possible to grow their agency within a specific niche or industry.
What types of commercial insurance leads does the Exchange support?
The Exchange supports leads for over 19,000+ NAICS codes, covering various commercial insurance types such as general liability, business owner’s policy, commercial auto, and workers’ compensation.
Source: boldpenguin.com