Coterie Insurance Honored with 2023 Insurtech Innovation Award in FinTech Breakthrough Awards
CINCINNATI – March 23, 2023 – Coterie Insurance, the partnership-driven MGA simplifying small business insurance, has been named the 2023 Insurtech Innovator of the year in the 7th annual FinTech Breakthrough Awards program. Coterie was honored for insurtech innovation with its data-powered digital underwriting experience that delivers instant business insurance.
“This recognition is a strong validation of the value we’re bringing to our partners and customers as we shape the future of commercial insurance using data and technology,” said David McFarland, CEO of Coterie. “We’re passionate about helping small businesses, including the agents and brokers who serve them, with an experience that provides exceptional value.”
Coterie is an insurtech innovation leader revolutionizing the way small businesses and those serving them access and bind insurance. By taking a pioneering approach to the entire quoting and binding process through automated underwriting, Coterie is providing instant business insurance to a historically underserved market.
Coterie’s powerful ability to provide data to the agent and broker and then recommend appropriate coverages comes from the platform’s unique design. Rather than a quoting experience that asks several questions, putting the onus on the producer to find answers, Coterie’s experience prefills information based on two data points: business name and address. This not only enables a faster quoting and binding experience but also enables agents to prospect more efficiently with accurate information about the business upfront, including a bindable quote.
FinTech Breakthrough is an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today. The FinTech Breakthrough Awards recognize FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, Insurtech innovation and more.