Leading Insurtech Companies Bold Penguin and Mylo Continue to Innovate by Giving Small Business Owners a Faster Way to Get Customized Quotes
Bold Penguin, the technology provider that operates the largest commercial exchange, and Mylo, the digital broker launched by the world’s largest independent broker Lockton, are expanding their successful partnership through a simplified quoting interface that provides small business owners with an enhanced customer experience and faster quoting of personalized insurance recommendations.
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As the United States workforce continues to work remotely in large numbers and business owners strive to protect what they have worked hard to build, the need for an efficient and accurate digital quoting solution is growing at an even faster pace.
“Our goal is to recommend the best coverage and carrier for each small business owner based on their unique circumstances,” said David Embry, CEO of Mylo. “Expanding our partnership with Bold Penguin enables us to leverage technology that supercharges our brokerage and creates efficiencies our agents need to provide a great quoting experience.”
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Bold Penguin and Mylo have built on each other’s success for two years, beginning their partnership shortly after Lockton’s strategic decision to focus on small businesses by creating Mylo and into a funding round led by Guggenheim Partners. Bold Penguin’s growing insurance exchange helped Mylo become one of the fastest growing digital brokerages in the United States.
“Partnerships have been the key to success in small commercial,” said Marshall Lockton, Senior Vice President of Operations at Lockton Companies. “We have built an exceptional customer experience with the help of technology and carrier partners across the industry. Bold Penguin’s innovative technology will allow us to enhance that experience by delivering even more personalized solutions and expert guidance to business owners.”
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