Established in 2016 by insurance professionals for insurance professionals, Bold Penguin is dedicated to simplifying the world of small commercial insurance for both carriers and agents. Through this collaborative venture, users of the Bold Penguin platform will now have access to NEXT Insurance’s offerings in General Liability and Professional Liability. This partnership also opens doors for agents seeking to explore additional markets, as they can swiftly secure a NEXT sub-appointment via Bold Penguin, creating more opportunities for generating insurance quotes.
With the fully integrated Bold Penguin product suite, agents can significantly boost their productivity and efficiency by eliminating the need for redundant data entry within the Bold Penguin Terminal.
“Our partnership with NEXT Insurance was a natural fit from the beginning. Our mutual goals of empowering small business owners, and the agents that serve them, is a win-win for all parties. Expanded coverage options will be an invaluable resource for our users, especially in regard to quoting and binding in current hardening market trends, and beyond,” said Nicole Farley, Bold Penguin’s Vice President of Carrier Operations.
According to a recent U.S. Census Bureau study, over 5 million Americans submitted new small business applications in 2022, confirming that new small business creation remains vital to the U.S. economy. However, a recent NEXT survey revealed that, 90% of small business owners aren’t confident they have enough coverage. Additionally, 53% of small business owners said their greatest barrier to getting insurance coverage is simply knowing what kind of insurance package their business needs. Small business owners can lean on expert guidance from agents who use the Bold Penguin Terminal for intuitive recommendations for coverage options that protect their investments.
“At the start of the year, NEXT set out to reaffirm its commitment to agents by providing them the tools and product capabilities to help them grow their businesses,” said Jack Ramsey, NEXT Insurance Vice President of Agent Business. “We are excited about this partnership with Bold Penguin, as the integration of its technology and NEXT’s digital underwriting will allow agents to find the best policies for their customers more quickly and with significantly less effort.”
