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Insureon Expands Revenue Opportunities in the Small Business Insurance Space

January 13, 2021 / Ankur Saini
SHARESHARESHARE

Insureon, the biggest free office for the online conveyance of business insurance to small and medium-sized businesses, is currently offering insurance financiers and organizations admittance to its exclusive innovation through another SaaS item called Insureon Accelerate. Insureon Accelerate empowers representatives and specialists to get to the biggest public transporters by means of a smoothed out statement accommodation measure.

Insureon Accelerate makes it feasible for insurance representatives and specialists the country over to take advantage of the $100 billion small and medium-sized business market, empowering new income streams, making operational efficiencies and expanding productivity.

"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," said Jeff Kroeger, Insureon's Chief Commercial Officer. "Insureon Accelerate automates the process, providing quotes that used to take hours or even days within minutes."

Accelerate is based on the very innovation that Insureon's web based business has been utilizing and improving for almost 10 years. That innovation includes Insureon's smoothed out general application, which permits single-passage admittance to the top transporters and significantly lessens the measure of time it takes to finish an application. In the previous a year, Insureon's innovation gave in excess of 2 million statements and over $500 million in premium for small and medium-sized businesses across the U.S.

"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," said Dan Kazan, Insureon's Chief Executive Officer. "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."

About Insureon

Headquartered in Chicago, Insureon is the largest independent agency for the online delivery of commercial insurance to small and medium-sized businesses. Its ecommerce platform allows customers to easily compare insurance quotes from top-rated companies, buy policies, and manage their coverage. Insureon is licensed in all 50 states and specializes in numerous industries. Insureon also licenses its technology to other brokerages, independent agencies and industry participants through its SaaS product, "Accelerate."