Insuranceciooutlook

AmTrust and Bold Penguin Declares Expansion of Small Business Insurance Partnership

Insurance CIO Outlook | Tuesday, February 23, 2021

AmTrust joins an increasing list of carriers on the platform that provides an embedded, entirely digital quoting experience in workers' compensation coverage for small businesses.

Fremont, CA: Bold Penguin, a rapidly growing insurance technology provider, has declared that an expansion of its partnership with top small business insurance provider AmTrust. AmTrust joins an increasing list of carriers on the platform that provides an embedded, entirely digital quoting experience in workers' compensation coverage for small businesses.

AmTrust, a leader in digital innovation, who joined forces with Bold Penguin in Q2 2020, has extended its in-app binding capabilities on the Bold Penguin Terminal. The company will use Bold Penguin's newly launched Terminal as well as Software Development Kit (SDK) products built to power faster as well as more accurate quoting in the small commercial insurance market for small business owners, brokers, and agents.

"AmTrust is an incredibly forward-thinking organization," stated Ben Clarke, co-founder and Chief Data Officer of Bold Penguin. "We are thrilled to work with their teams to expand our integrations, leveraging AmTrust's suite of APIs to build out more robust capabilities around data, underwriting, and user experience."

The Bold Penguin platform will offer several AmTrust payment plan options, including payment in full, installments, and PAYO (pay-as-you-owe), as well as expand its technical integrations with AmTrust's suite of APIs to gather additional underwriting as well as rating information around employee categories such as officers and executives.

"The Bold Penguin Terminal gives us the flexibility and speed needed to both supercharge our growth and customer experience," stated Chris Foy, EVP & Head of North American Commercial for AmTrust. "Our customers and our agents will benefit from the digital efficiencies we're able to launch with Bold Penguin."

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