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Corporation
INTERNET | Internet Software & Services / Accounting & Finance
boldpenguin.com

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Founded Year

2016

Stage

Acquired | Acquired

Total Raised

$50M

About Bold Penguin

Bold Penguin is the insurtech company that rapidly increases speed-to-bind for commercial insurance.On January 14th, 2021, Bold Penguin was acquired by American Family Insurance. The terms of the transaction were not disclosed.

Bold Penguin Headquarter Location

100 E Broad St. 15th Floor

Columbus, Ohio, 43215,

United States

614-699-2114

Latest Bold Penguin News

Insurance Technology: LineSlip Aids Property Underwriting; Bold Penguin Adds 2 Products:, Cowbell Assesses AWS

Nov 17, 2021

November 17, 2021 LineSlip Streamlines Property Value Reporting, Underwriting Data LineSlip Solutions recently unveiled a new tool to help risk managers, insurance brokers, and real estate asset managers streamline the collection and reporting of property values and insurance underwriting data. The new tool also enables managers to map portfolio property locations with corresponding underwriting data including COPE (construction, occupancy, protection, exposure) and natural disaster risk. It facilitates instant reporting of insurance program information, as well as insurance premium allocation across the portfolio of property locations. According to Leo Bernstein, CEO, this tool helps risk and property managers to understand insurance costs by individual location; track and manage COPE data in one place and automate reporting and data entry. LineSlip said it is currently updating the dashboard with a real-time natural threat overlay that can be applied to individual locations. LineSlip, based in New York, automatically extracts and organizes data previously locked in binders, policies, schedules and other insurance documents. Bold Penguin Adds AI-Powered Underwriting Products Bold Penguin Data Solutions has launched two new artificial intelligence-powered products to assist insurance underwriters. SubmissionLink automatically extracts data from submission documents, enhances it and delivers it into existing underwriting applications. ClauseLink is an enhanced version of RiskGenius, which Bold Penguin acquired in 2020, that extracts and categorizes clauses, allowing for instant coverage analysis by product underwriters. SubmissionLink builds on Bold Penguin’s access to millions of data points generated by its quote and bind software and universal application. Lakshan De Silva, Bold Penguin chief data scientist, said the firm is partnering with insurance carriers to leverage these submission algorithms to improve accuracy from extracted data and the speed and precision of commercial insurance underwriting. Bold Penguin jumpstarted its artificial intelligence coverage analysis when it acquired RiskGenius. The firms reconstituted the RiskGenius insurance coverage software to focus on forms analysis for product underwriting departments. Bold Penguin released a new version of the application in 2021 and renamed it ClauseLink. According to Cheri Trites-Versluis, vice president of Bold Penguin Data Solutions, ClauseLink is being leveraged by insurance carriers looking to evaluate the language in their forms against the language employed by competitors, or standards organizations like Insurance Services Office (ISO) and American Association of Insurance Services (AAIS). Cowbell Cyber Releases Insurance-focused Risk Assessment for AWS Customers Cowbell Cyber, an AI-powered cyber insurance provider, is offering what it says is the industry’s first coverage aligned to policyholders’ AWS (Amazon Web Services) footprint. This Cowbell Connector product extends Cowbell’s continuous risk assessment to the AWS cloud and gives policyholders immediate visibility into their cloud-related risk exposures. Cowbell Cyber offers standalone cyber insurance for small and mid-size enterprises. Cowbell says the new product will help customers close insurability gaps by providing them with insights and recommendations on how to improve their risk profile, which places them in a better position to obtain cyber insurance coverage. Cowbell Connectors are available to all Cowbell policyholders for the most commonly used collaboration services such as email, vulnerability management solutions, and endpoint security products, among others. Policyholders that activate one or more Cowbell Connectors may be eligible to receive up to 5% premium credits towards their Cowbell cyber insurance policy.

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Expert Collections containing Bold Penguin

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Bold Penguin is included in 2 Expert Collections, including InsurTech.

I

InsurTech

1,786 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

7,165 items

US-based companies

Bold Penguin Web Traffic

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Page Views per Million (PVPM)
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