US-based underwriting expertise supplier Insurance coverage Quantified has introduced that its underwriting workbench, SubmissionIQ, has been chosen by First Mild Program Managers to streamline its underwriting workflow.
First Mild is a managing common company (MGA) that gives specialty insurance coverage merchandise to its clients in transportation, trucking and marine sectors.
The deployment of Insurance coverage Quantified’s SubmissionIQ expertise will assist First Mild to transform lots of submission paperwork into accomplished and actionable information, which will be routed to related underwriter’s desk.
This expertise will assist the MGA to streamline operations, enhance its accuracy and speed-to-quote capabilities, whereas unlocking numerous new avenues for the expansion of its enterprise.
First Mild CEO Anthony Johnson mentioned: “At First Mild, we have now devoted ourselves to serving the trucking and marine niches.
“SubmissionIQ will energy underwriting with the fitting information on the proper time, making certain we by no means miss alternatives and accelerating our potential to ship unparalleled worth, underwriting experience and precision to our purchasers.”
Insurance coverage Quantified mentioned that the most recent signing with First Mild comes coinciding with its “distinctive” progress and growth efforts.
Alongside the identical strains, the underwriting expertise firm introduced the acquisition of ingestion and information options offering firm Groundspeed Analytics earlier in June.
Groundspeed Analytics, which primarily serves within the industrial property and casualty (P&C) trade, will assist Insurance coverage Quantified to strengthen its place within the underwriting expertise sector.
Insurance coverage Quantified Gross sales & Relationship Administration head John Paladino mentioned: “First Mild is a fast-growing MGA with a robust specialty popularity.
“We’re excited to assist speed up that progress with SubmissionIQ and supply the underwriting group with the instruments they should get out of the weeds of information entry and focus much more vitality on their knowledgeable underwriting.”
