Bold Penguin is an integrated digital solution platform dedicated to simplifying small commercial insurance.
The company’s technology makes the quote and bind process quick, effortless, and profitable for all parties, including agents, brokers, and carriers.
Bold Penguin said its product suite has digitised and transformed a slow, manual process resulting in reduced costs, increased efficiency, and better overall outcomes.
Neptune flood was founded to change the way consumers and businesses think about and buy flood and parametric earthquake insurance.
According to Bold Penguin, the partnership will enhance coverage options on its terminal. Bold Penguin Terminal users will be able to quote and bind flood insurance for small business owners in 48 states and the District of Columbia, where Neptune operates, fiving them more coverage options and making the process effortless for those seeking flood coverage.
Karnina Szymanski, Bold Penguin’s chief customer officer, said, “Bold Penguin is committed to expanding access and coverage for our agents in the most cost effective and time efficient way possible. As evidenced through recent climate events, flood insurance is an extremely important coverage option for a significant percentage of our users. This new integration proves that as the insurance industry evolves, so will we.
Trevor Burgess, president & CEO of Neptune, added, “As more commercial property owners look to protect their assets from the risk of flood, Neptune is excited to partner with Bold Penguin to make it fast and easy to obtain flood insurance. With the hundreds of thousands of commercial properties across the US at risk for flooding, Neptune is primed and ready to help protect against the costliest natural disaster.”
Earlier this year, Neptune Flood has purchased Jumpstart Insurance Solutions, a parametric insurance company, for an undisclosed fee.
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