Amwins expands on-line market with residential flood protection

Specialty insurance coverage services and products distributor Amwins has added residential flood protection to its Amwins InstantQuote (Amwins IQ) on-line market, which provides immediate quote-to-bind functionality from a number of carriers plus entry to Amwins’ experience and assist.

“Our intention is to offer a significant cross-section of the market and to ship worth and protection transparency,” Amwins Entry senior vice chairman Colin Tinley mentioned. “In contrast to different digital platforms, Amwins IQ doesn’t simply provide straight-through coverage processing.

“Retailers are capable of have interaction with our skilled underwriters on extra advanced dangers. And by delivering product density, retailers can streamline their operations by using Amwins IQ as a complete one-stop resolution, eliminating the necessity to navigate a number of platforms or suppliers.”

In the meantime, Tom Parsons (pictured), head of digital technique at Amwins, highlighted that the addition of residential flood cowl underscores the wholesaler’s dedication to offering extra choices and quicker service.

“Our digital flood market uniquely connects professional underwriters with user-friendly know-how, leveraging a strong panel of high quality flood markets,” Parsons went on to notice.

In line with Amwins, its underwriting staff collectively has over 100 years of flood underwriting expertise and has positioned greater than $40 billion in insurable values by way of its non-public market flood program.

In the meantime, Amwins IQ additionally offers entry to a wide range of proprietary market choices, together with unique flood packages that the corporate mentioned can compete with the Nationwide Flood Insurance coverage Program (NFIP) and different non-public carriers.

The platform provides each NFIP and non-NFIP equal types, giving brokers a number of product choices to adequately cowl their shoppers’ belongings, whether or not they want easy NFIP equal insurance policies or extra complete owners’ insurance policies.

What do you consider this story? Share your ideas within the feedback under.