Semsee, a commercial insurance platform, has launched a resource to enable agents and small business owners to obtain real-time market appetite from insurance carriers, MGAs and MGUs.
Semsee aims to simplify and accelerate the small commercial quoting experience for independent agents, to give them more time to service their clients and grow revenue.
The tool, available on Semsee’s website, is open to all for free, and not limited to Semsee users. It currently checks risk appetite for Business Owners Policies with Semsee-integrated carriers and will continue to expand to include additional lines and carriers.
To use the tool, agents input two pieces of information, the type of business and state, and Semsee returns a list of carriers with information on which have appetite for the risk and which do not. For Semsee users logged into the platform, the information is carried over into a submission form, enabling agents to quickly generate quotes.
Philip Charles-Pierre, Semsee CEO, said, “We’re solving a critical issue for agents—helping them find insurance markets that match customer needs. In fact, this was the number one pain point in winning new business that agents cited in a recent survey.
“Insurance markets are dynamic, and, as we go forward, they’re going to continue to change quickly. Carriers are adding new products and targeting new markets. It’s crucial to make this process fast and more transparent. That’s what Appetite Checker is designed to do.”
Semsee raised Series B funding earlier this year, in a round led by Dick Costolo and Adam Bain’s 01 Advisors.
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