Joshu, a platform designed to build, distribute, and grow digital insurance products, has been selected by managing general agent (MGA) Workforce Insurance Underwriters (WIU) to power new commercial products.
Joshu is an insurance product development and distribution platform that helps insurance product owners configure, launch and update products without coding. Designed for insurance professionals and packed with features accelerating product setup, Joshu’s portals and Underwriter Desk come out of the box and support the full lifecycle of a policy.
Founded by technology experts experienced in selling insurance online, Joshu was purpose-built to give insurance professionals the tools needed to harness digital distribution and win new markets faster.
Working with Joshu, WIU launched and distributed five completely digital products in over 30 states in just eight weeks, thereby allowing brokers to submit business quickly and easily for the commercial trucking industry.
WIU is also working with Joshu to streamline underwriting and manage any submissions requiring underwriting referral.
James M. Obregon, president of WIU, said, “WIU prides itself on staying ahead of the curve – a goal made possible by our selection of Joshu.
“Thanks to this collaborative implementation, we’ve been able to launch a cutting-edge underwriting system for our customers faster than we thought would be possible. This relationship ensures innovation will continue to be the focus of both organisations moving forward.”
Roy Mill, CEO and co-founder of Joshu, added “The fact that we have been able to take WIU to market so quickly is an excellent demonstration of Joshu’s ability to implement technology which powers digital distribution for the insurance industry’s leaders. Their team of experienced insurance product experts is extremely knowledgeable in terms of industry processes, underwriting, and distribution, and they have been a natural fit and an excellent partner throughout.”
Earlier this year, Ledgebrook, a Boston-based InsurTech MGA startup focussing on middle market E&S, raised $4.6m in funding to scale its flagship products and support future offerings.
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