About Bold Penguin
Bold Penguin offers an integrated digital solution platform dedicated to simplifying small commercial insurance. The company helps insurance people successfully quote and bind small business insurance policies with the click of a few buttons. It was founded in 2016 and is based in Columbus, Ohio. In January 2021, Bold Penguin was acquired by American Family Insurance.
Bold Penguin's Product Videos
Bold Penguin's Products & Differentiators
Bold Penguin Terminal
Digital user interface for quoting small commercial insurance
Research containing Bold Penguin
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Bold Penguin in 4 CB Insights research briefs, most recently on Jul 22, 2022.
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.
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
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Bold Penguin News
Nov 30, 2023
A few weeks after announcing their partnership, small commercial insurance technology provider, Bold Penguin , and Veruna , a leading insurance Agency Management System (AMS) platform, have extended their industry leading integration. Agents launching a commercial insurance application from Veruna now have the option to retrieve application data and returned quotes directly in their AMS platform, resulting in a truly embedded experience. Typically, integrations between an AMS and rating solutions simply bridge application data to start the quoting process, leaving valuable customer insights to reside outside the agent’s AMS platform. This innovative integration delivers an optimized submission, quoting, and renewal experience, providing agents the data they need, where they need it, to maximize efficiency and close rate in both their quoting platform and AMS. “Agencies are continually looking for ways to increase efficiency in order to fortify their relationships and grow their business. Veruna and Bold Penguin have a shared vision to empower insurance agents, so the partnership is a natural extension to bring that vision to life,” said Chris Kessler, Vice President of Corporate Development for Bold Penguin. “Small business owners can continue to lean on expert guidance from agents using the Terminal quote and bind platform, with Veruna’s agency management system to protect their investments seamlessly and efficiently.” Leaders in the field Founded by insurance agents for insurance agents, Bold Penguin is dedicated to simplifying small commercial insurance. Since 2016, Bold Penguin has powered over 6M quote applications and $5B+ in premium. Veruna empowers thousands of U.S. independent agents with insurance AMS tools on Salesforce. They partner with managing general agents (MGA) and carriers, and are the preferred AMS vendor at three of the top ten property & casualty carriers. They are the only Agency Management System to download insurance carrier data directly into Financial Services Cloud (FSC) and Salesforce. “Partnership is not just about making an API connection. It is about making a meaningful advancement in automation so that agents can be freed from legacy processes and systems to sell the right insurance at the right time and at the right price. We are beyond thrilled to partner with Bold Penguin for round-trip, completely digitally-enabled quoting. It won’t be long until agent-assisted straight-through processing is available for all agents,” said Jennifer Carroll, CEO of Veruna. Current agencies who subscribe to both Veruna and the Bold Penguin Terminal are eligible for this integration immediately. People In This Post Insurtech Fintech Fintech Funding Fintech
Bold Penguin Frequently Asked Questions (FAQ)
When was Bold Penguin founded?
Bold Penguin was founded in 2016.
Where is Bold Penguin's headquarters?
Bold Penguin's headquarters is located at 100 East Broad Street, Columbus.
What is Bold Penguin's latest funding round?
Bold Penguin's latest funding round is Acquired.
How much did Bold Penguin raise?
Bold Penguin raised a total of $50M.
Who are the investors of Bold Penguin?
Investors of Bold Penguin include American Family Mutual Insurance Company, Guggenheim Partners, Lightstone Ventures, Lockton, Hudson Structured Capital Management and 5 more.
Who are Bold Penguin's competitors?
Competitors of Bold Penguin include Bolttech, Human API, Tarmika, Semsee, Riskonnect and 7 more.
What products does Bold Penguin offer?
Bold Penguin's products include Bold Penguin Terminal and 4 more.
Compare Bold Penguin to Competitors
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