Amwins launches Amwins InstantQuote
Amwins announced the launch of Amwins InstantQuote, an online marketplace enabling access to “firm, bindable quotes” from multiple carriers within minutes.
Amwins IQ provides instant quotes, and with one application retailers can quote and compare multiple markets, gaining quick access to A-rated carriers. Amwins IQ marketplace users are given the choice to select from markets with pre-negotiated amendatory endorsements automatically added, ideal for middle market and personal lines accounts.
For risks that do not fit a carrier’s appetite for straight through processing, there is a built-in referral system that enables manual underwriting.
Amwins InstantQuote marketplace currently provides Homeowners, Dwelling, Condo and Wind coverage, with Flood coverage to be offered soon. Retailers have the ability to flow between Personal Lines and Professional Lines offerings.
Amwins IQ currently offers multiline quoting on the following Professional Lines coverages:
- Cyber Liability
- Misc. E&O
- D&O (Private and Non-Profit)
- EPL
- Tech E&O with Cyber
- Crime, Fiduciary, and Registered Investment Advisors are expected to launch in the coming months.
“Amwins IQ represents the next evolution of digital capabilities in the specialty space, empowering retail clients by giving them choice and speed of execution. Our digital marketplace is the only seamless experience in the market, powered by our expert underwriters and technology, and is backed by our firm’s investment in data and analytics – providing our customers a high level of confidence in the quality of coverage they can procure for their small to mid-sized accounts.” – Ben Sloop, Chief Operating Officer.
“Our online marketplace connects our retailer and carrier partners in an intuitive and flexible way, providing transparency and choice to our retailers, and efficiency and underwriting rigor to our carriers. We will continue to invest in providing retail facing technology, tied directly to our underwriting and brokerage specialists.” – Tom Parsons, Head of Digital Strategy.
