Draftrs, an InsurTech company focused on modernising small business professional liability insurance, has launched a digital insurance platform.
Draftrs is a technology-enabled managing general agent (MGA), the Draftrs platform streamlines, automates and digitises the underwriting and distribution process for the company’s insurance carrier and broker partners to more efficiently deliver professional liability products to the small commercial market.
For brokers, Draftrs provides a custom-branded user interface that delivers the online experience customers in the small commercial segment require. Brokers can also use the platform to get quotes, send payment requests, issue policy documents and track client activity.
Already in use by brokers nationwide for architect and engineer clients, Draftrs said its platform provides better access to the most important insurance purchase for small professional firms, professional liability protection.
Audrey Lau, co-founder and CEO of Draftrs, said, “There is significant opportunity in the small commercial space, but existing underwriting and distribution models are too manual, high touch, and inefficient.
“This has resulted in limited product choices, poor customer experiences, and a large uninsured market. Through tech-enabled automation, Draftrs offers a better product and a better experience for small firm professionals and their agents that is focused entirely on what they need.”
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