Chicago-based InsuranceNoodle has signed its 3,500th “NoodleNetwork” insurance agency partner to quote and bind small commercial insurance business online. The Chicago-based e-broker’s proprietary, Web-based agency technology enables its partners to efficiently write and service small commercial business insurance with leading national brands through a single-entry, multi-carrier (SEMCI) application.
More than 150 agencies join the network each month, the company said, and it receives more than 2,500 quote requests each from its agency partners.
InsuranceNoodle’s Internet-based distribution model provides online access to commercial coverages from carriers including AIG, Chubb, CNA Surety, The Hartford, Kemper, The St. Paul, and Zurich U.S. The company’s Web-based technology is designed to screen risks, collect all underwriting information required by top-line carriers, and allows agencies to view proposals and bind quotes online within a few business days.
InsuranceNoodle’s current line of commercial insurance products includes business owners policy (BOP), commercial auto, umbrella insurance, workers’ compensation, employment practices liability insurance (EPLI), professional liability, and surety bonds.
Topics Mergers & Acquisitions
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