1Fort launches specialty marketplace for commercial insurance brokers

1Fort has launched a specialty insurance marketplace that uses AI to help independent brokers save time and place more commercial risks.

Founded in 2021, 1Fort is a New York-based specialty insurance brokerage that works with retail agents, brokers and consultants to place coverage for insureds.

The platform, available now to brokers partnering with 1Fort, provides brokers direct and wholesale access to instant quotes from ‘leading’ insurers, then auto-generates in-depth coverage analyses, comparisons and recommendations across all options in ‘seconds’. The company also developed a proprietary GPT chatbot enabling brokers to interact with policies and answer complex questions from clients to better service them.

According to the press release, the new platform can save brokers up to 8 hours per week, while increasing their bind rates by 20 percent with higher-quality proposals.

“For too long, insurance brokers have been burdened with manually retrieving and analyzing quotes, costing them hundreds of hours every year.  Recent breakthroughs in AI have allowed our platform to give our broker partners all those hours back for what truly matters: strengthening client relationships and growing their book of business.” – Anthony Marshi, Co-Founder and CEO of 1Fort.

To date, 1Fort’s technology has supported hundreds of insurance brokers, including some of the largest brokerages nationally such as IMA, INSURICA, and High Street Insurance Partners. With admitted and surplus licenses in all 50 states, 1Fort also provides market access to major insurers across all specialty lines.