Breaking News
CoverForce and Great American Insurance Group Partner to Enable Digital Access to Commercial Insurance Products Across the United States
Today, CoverForce, the first independent API to deliver instant quotes and one-click binding from the leading insurance carriers, announced a partnership with insurance veteran, Great American Insurance Group, to give appointed agents and brokers nationwide digital access to their commercial insurance products.
With this partnership, CoverForce is the first company to provide digital access to Great American’s workers’ compensation, business owner’s policy (BOP) and other commercial products.
“CoverForce brings market-leading one-click convenience, simplicity and error-free processing to the way retail and independent agents, brokers, wholesalers and carriers interact, while also providing them with the tools to manage those interactions,” said Cyrus Karai, CEO and Co-Founder of CoverForce. “We are proud to be one of Great American’s largest alternative distribution partners, demonstrating that our solutions, built in lock-step with carriers, are developed for large wholesalers, brokerages and network groups at scale.”
Great American customers now have access to CoverForce’s feature suite which also includes both its quote & bind Agent Portal and Management Portal that sync directly into top agency management systems. With CoverForce, agents and brokers can apply for expedited appointments with Great American, while wholesalers can track submissions across all retail agencies from start to finish.
“We are excited to further our commitment to deliver a market-leading digital experience for business owners’ and workers’ compensation policies and our appointed agents through this partnership,” said Kristen Mielcarek, Divisional VP, Alternative Distribution at Great American. “With CoverForce’s modern technology, our products are more accessible to retail agencies, independent agencies and wholesalers, giving us a better understanding of the appetite while drastically reducing the time between requesting a quote and purchasing a policy.”
While the typical underwriting process can take an average of one to three weeks due to back-and-forth phone calls and emails, CoverForce has integrated with Great American’s API suite to provide an end-to-end purchase experience of appetite, quoting, binding and issuance. This streamlined quoting process takes minutes versus weeks, helping agents access Great American small and medium business products digitally. Agents can significantly increase their sales throughput and reduce their administration time.
In less than a year of operation, CoverForce has already onboarded more than 3,500 users and partners across the country – including independent agency networks like ISU Insurance Agency Network, as well as agency management system NowCerts – to access quotes from top property and casualty insurance carriers and bind in a simple one-click through its industry-leading API.
Great American’s network of appointed agents can now digitally access its robust product suite and appetite in all 50 states with CoverForce’s offering.
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