Streamline your wholesale quoting process
All IIAT members are eligible for QuoteWell’s Preferred Risks Appointments, where agents get the fastest turnaround time for some of the most popular risks across E&S in Texas.
QuoteWellQuoteWell, a tech-driven wholesale insurance broker and an IIAT Advantage Business Partner, has been named to the “World’s Top 150 InsurTech Companies” list by CNBC. The report, compiled by CNBC and market research firm Statista, lists the top 150 InsurTech companies globally, and includes organizations from a variety of market categories.
This recognition comes as QuoteWell continues its mission to be a tech-driven wholesale broker delivering a responsive and transparent experience, according to CEO and founder Joey Bouchard.
“We’re very appreciative to be highlighted in this way, but it wouldn’t be possible without the agents we work with and our team producing results,” said Bouchard. “We feel we’re bringing solutions to the table that solve challenges in this market, and hopefully this honor is an indication that we’re succeeding in that effort.”
The insurance industry has leaned even more heavily on wholesale brokerages over the last several years, as capacity and carrier appetite have changed due to profitability and inflation. Insurance companies are raising rates and leaving geographic markets where they feel the risks are too high. This has had a ripple effect on the “supply chain” of the insurance industry, which typically sees retail insurance agents go directly to insurance companies to place coverage of risks for clients. When they do not have an option with a company for which they have a direct contract in place, these agents use intermediaries – wholesale brokers – to “market” the risk to other insurance companies. While this process has been in place for decades, the pace of change in this sector has been slow.
“The feedback we’ve received from our partner agents and carriers provides incredible reinforcement to our mission to improve how E&S insurance is placed,” said Tom Brighton, QuoteWell’s Chief Business Officer. “We’re excited to push forward and support more and more retail agencies through innovation in the wholesale marketplace.”
Read more about the “Top 150 InsurTechs” list.
