Introducing commercial insurer LIO Insurance
Meet LIO Insurance :
Founded in 2020 and led by John Ehinger, LIO is a Conshohocken, PA-based niche insurance company that looks to work with agents to offer condominium and homeowner associations insurance policies (e.g. property, GL, crime, auto). “Weeks-long waiting periods and stacks of paperwork are officially obsolete. In just minutes, agents can generate a bindable policy.”
According to Crunchbase, the company secured over $77 million back in March from unnamed investors.
Finally, ClarionDoor is in the mix, as LIO went live with its distribution software.
“One of the reasons we started LIO was that we recognized the significant challenges and latency in the commercial insurance market. Business owners need an insurance service that not only meets their needs, but provides an easier platform for purchasing and managing coverages – and that requires modern insurance technology like ClarionDoor. Their API-first, cloud-native rating software enables us to have complete control of our commercial products, leverage ISO standards, consume APIs seamlessly, and process quotes faster.” – Jim Tygh, chief actuary and risk officer at LIO.