Vancouver, BC (June 13, 2019) – Trisura Guarantee Insurance Company has partnered with Apollo Insurance to offer several bind online insurance products through the Apollo Exchange. The products cover many small business packages that brokers are able to purchase on behalf of their clients directly from the Exchange.
The entire process, from quoting, binding coverage, and issuing policy documents is immediate, completely online, and paper free. Some of the many industry classes that are immediately available include:
- Yoga Instructors
- Health and Fitness Professionals
- Barbers and Hair Stylists
The first products to be rolled out on the platform are multi-line coverage packages, which include Professional Liability, Nonprofit Directors & Officers Liability, General Liability, Contents & Assets, and Legal Phone Line.
“At Apollo, we believe in empowering the broker channel,” says Apollo CEO Jeff McCann. “With these additional products from our partners at Trisura, our broker users can spend less time on paperwork and more time building relationships.”
Trisura is one of several carriers that offer their products on the Apollo Exchange.
Apollo Exchange not only gives brokers more access to products, it also offers a new distribution channel and access to data for insurance carriers who partner with the Exchange.
“We are more than just technology or distribution with our insurer partners — we are consultants who provide insights into the performance of their products that insurers have never had before,” says McCann.
Where traditionally, application data has been locked in outdated PDF application forms, Apollo Exchange is able to collect, analyze, and report data insights back to insurers. That data can be used to optimize more accurate risk rating and pricing.
“It is important for us to adapt to changing expectations of buyers and the next generation workforce,” says McCann. “Apollo Exchange takes a whole new approach by combining technology, insurance capacity, and content marketing services.”
About Apollo Insurance
Apollo is Canada’s largest small business insurance marketplace. Through the Apollo Exchange, brokers can quote, bind, and issue policy documents for hundreds of classes of small businesses from Canada’s leading carriers. Brokerages are also able to white label the platform and sell directly from their brokerage website.
Trisura Group is an international specialty insurance provider operating in surety, risk solutions, corporate insurance and reinsurance, and is trading on the Toronto Stock Exchange (TSX: TSU). Trisura Group has three principal regulated subsidiaries:
- Trisura Guarantee Insurance Company started writing business in Canada in 2006 and has a long track record of profitable operations.
- Trisura International Insurance has operated as a reinsurance company for almost 15 years.
- Trisura Specialty Insurance Company is currently being incorporated as an operating subsidiary in the U.S.
Source: Apollo InsuranceTags: Apollo, Trisura