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MANAGEMENT, BUSINESS STRATEGY

Coterie Insurance Revolutionizes Small Business Insurance with Launch of Fully Automated Underwriting Experience

Coterie Insurance, the partner-focused company transforming small business insurance, today announced the launch of the next iteration of its dashboard called SimplyBind Experience. The new experience uses automated underwriting to pull data from existing sources to prefill the quoting process, saving agents and brokers 75 percent more time. This breakthrough in small commercial insurance enables agents and brokers to input two pieces of information to receive relevant data about their small business clients to sell insurance policies like never before.

"The SimplyBind Experience reinvents the quote to bind process for small business insurance, Our user experience puts information in the hands of agents and brokers with only a business name and address, helping our partners better serve America's small businesses profitably."

-David McFarland, CEO of Coterie Insurance

The updated dashboard's powerful ability to provide data to the agent and broker and then recommend appropriate coverages comes from its unique design. Rather than a quoting experience that asks several questions, putting the onus on the producer to find answers, Coterie's new dashboard 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 this business upfront, including a bindable quote.

"Coterie is committed to facilitating efficient risk transfer for agents and small business owners. We're doing that through automated underwriting by using technology and publicly available data that already exists to answer our own underwriting questions," said Pete Buccola, VP of Insurance at Coterie Insurance. "In addition, we're giving agents and brokers an edge by providing them with the information they need upfront to run quotes and reach more small businesses in their communities."

Agents and brokers helped pilot the new update over the last several months.

"It's incredibly simple. It's really cool that you now have the capability based on address to pull up the class code and business information,"

-Reginald Pulliam, Agency Principal, Coastal Alabama Insurance.

Coterie is committed to transforming small commercial insurance into an easy, fast, accurate and enjoyable experience for all.

Coterie Insurance
Coterie Insurance is revolutionizing small business insurance by enabling instant coverage. By sourcing publicly available data, Coterie's technology employs digital underwriting to enable a transparent and accurate quoting and binding process. Coterie arms agents, brokers, and partners with cutting-edge tools to get small businesses the coverage they need. With the most expansion appetite on the market, Coterie is dedicated to seeing the small businesses of today succeed. For more information about Coterie Insurance and the digital transformation of small business insurance, go to https://coterieinsurance.com.

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