InsurTech 100 company Bold Penguin has formed a partnership with Entrepreneur Media.
The agreement will enable business owners which visit Entrepreneur’s websites to get direct access to infrastructure provided by Bold Penguin and connect them with commercial insurance offerings.
Bold Penguin aims to upgrade the user experience for insurance businesses, giving agents easy tools and streamlined processes for underwriting. The InsurTech has built various solutions including a single terminal which gives one location for brokers to triage risks, access real-time rates from participating carriers, and rank carrier partners based on customizable algorithms.
Bold Penguin founder and CEO Ilya Bodner said, “For most business owners, the process of finding the right coverage simply takes more time than they can afford—yet, they can’t afford not to be covered, either. We’re here to solve that. Entrepreneur.com was looking for a way to offer help with business insurance, and we are excited to help enable that experience.”
This partnership follows just a week after Bold Penguin agreed a deal with online marketplace for insurance Everquote. The deal sees EverQuote leverage Bold Penguin’s terminal and exchange infrastructure to accelerate its path to market.
Earlier in the year, the InsurTech collected $32m in its Series B round to support the enhancements of its platform.
Bold Penguin was recently listed in the second annual InsurTech 100, which was compiled by FinTech Global.
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