Apollo launches CHES Special Risk on the Exchange

Vancouver, BC (July 9, 2019) – CHES Special Risk Inc. has partnered with Apollo Insurance to offer bind online insurance products through the Apollo Exchange. The first product from CHES Special Risk to be available to Apollo broker users is Logging Truck Insurance.

As with every Exchange product, the entire process — from quoting, binding coverage, and issuing policy documents — is immediate,  completely online, and paper free. Brokers and insurers are paid in real time, as soon as the policy is bound. Brokers can now access all CHES products on the Exchange at https://exchange.apollocover.com/insurer/ches.

CHES Special Risk Inc. was established as a Managing General Agent and Wholesale broker in 2004, later becoming a fully accredited Lloyd’s coverholder in 2009. CHES Special Risk is a fully Independent MGA, delivering “A” rated capacity both in the hard to place, and standard lines classes and support their retail brokers in growing and developing their businesses.

“At Apollo, we believe in empowering the broker channel,” says Apollo CEO Jeff McCann. “With this product from our partners at CHES Special Risk, our broker users can spend less time on paperwork and more time building relationships.”

CHES Special Risk is one of several providers that offer 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Where traditionally, application data has been locked in outdated PDF application forms, Apollo Exchange is able to collect, analyze, and report data insights back to insurers.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 Solutions

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.

Learn more about Apollo in the InsurTech Spotlight.

For additional information, visit story.apollocover.com.

About CHES Special Risk

CHES Special Risks Inc. was established in 2004, in response to broker demand to a hardening marketplace, with a particular specialty in the entertainment and hospitality business. The company was originally backed by domestic Canadian Insurers, later becoming a Lloyd’s approved coverholder in 2009.

CHES Special Risk’s market approach is different from other Managing General Agents and insurance organizations. Through our extensive market experience we help our supporting Retail Brokers identify their client’s unique risk exposure through a genuine collaboration with our Underwriters, and then engaging with our insurance carriers. Together, we help our brokers identify the many ways they can resolve their client’s financial risks, leading to inspired solutions.

For more information, visit www.chesspecialrisk.ca.

Source: Apollo Insurance

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