Economical Insurance introduces Vyne Commercial for Brokers

Economical Insurance has introduced Vyne Commercial, a new digital platform and refreshed offering for brokers that will simplify the process for insuring small businesses. Broker partners can expect intuitive, modernized workflows, and a more customer-centric product solution from Vyne Commercial. As part of the offering, brokers will be able to instantly quote and bind new property and casualty policies for small and medium enterprises using the new SME Pathway technology powered by Acturis.

“We continue to combine our insurance industry expertise with new technologies to exceed customer expectations while building a better broker experience. Vyne is much more than just its foundational technology platforms — it demonstrates our commitment to improving our offering for brokers and is creating additional value for our customers.” – Fabian Richenberger, EVP, Commercial Insurance at Economical Insurance.

Vyne was launched in 2018 for Personal Lines and Individually Rated Commercial Auto (IRCA). The addition of Small and Medium Enterprise (SME) Property and Casualty (P&C) as Vyne Commercial will offer brokers the following advantages:

• customer-centric products and pricing, providing market-leading coverage and greater flexibility for small and medium enterprises
• faster service with fewer redundant touchpoints and less time waiting for answers
• a streamlined workflow to give brokers an easier way of quoting and binding new SME business across a wide range of segments

“We’re committed to making it easier for brokers to do business with us, so they can spend less time on administrative tasks and more time providing guidance and valuable advice to their customers. The introduction of Vyne Commercial will mark an important step in achieving this goal and we will continue to innovate to further improve the broker experience.” – Obaid Rahman, VP, Commercial Underwriting and Specialty Lines at Economical.

The solution is developed in partnership with Acturis .