Hanover Offers Agents The CoverWallet B2B Platform

NYC-based digital commercial broker CoverWallet  announced that Hanover is the first insurer to use its online B2B platform for agents. The Worcester-based P&C insurer will be offering the platform to its agents for its micro-small commercial business. According to the press release, the platform provides real-time quoting, underwriting, binding, billing, and servicing capabilities.

“The Hanover wanted to provide our agents with a consumer-facing platform that supported the growth of their lower premium policies in a cost-efficient way. CoverWallet has built a robust digital experience with an intuitive interface that allows our agents to concentrate on their value-add services. We look forward to leveraging its state-of-the-art technology in combination with our unique products and disciplined underwriting to support our agents’ micro business clients” – Vice President and Chief Business Innovation Officer at The Hanover, Willard Lee.

The news follows CoverWallet’s partnership with Zurich in Spain signaling a focus on becoming a PaaS player in the small commercial space. The news also follows Chubb’s launch of Chubb Small Commercial Marketplace, a B2B platform for agents.