Insureon launches Insureon Accelerate
Chicago-based digital commercial broker Insureon is now offering insurance brokerages and agencies access to its technology through a new SaaS product called Insureon Accelerate. Insureon Accelerate enables brokers and agents to access national carriers via a streamlined quote submission process.
“Due to manual processes and low profit margins, writing commercial insurance for small and medium-sized businesses hasn’t in the past been very profitable for independent insurance agents and brokers. Insureon Accelerate automates the process, providing quotes that used to take hours or even days within minutes.” – Jeff Kroeger, Insureon’s Chief Commercial Officer.
Accelerate is built on the same technology that Insureon’s ecommerce business has been using and improving for nearly a decade. That technology features Insureon’s streamlined universal application, which allows single-entry access to the top carriers and ‘dramatically’ reduces the amount of time it takes to complete an application. According to the company, in the past 12 months Insureon’s technology provided more than 2 million quotes and over $500 million in premium for small and medium-sized businesses across the US.
“For years, the insurance industry has needed a technology solution for the problem of writing commercial insurance for small and medium-sized businesses in an efficient and profitable manner. Insureon, as an online insurance agency itself, has been doing this successfully for years, and is now opening up its technology for use by the entire marketplace. This is a game-changer for everyone involved – the insurance brokerages and agencies, carriers, and most importantly, small and medium-sized businesses.” – Dan Kazan, Insureon’s Chief Executive Officer.