London Underwriters announced on August 28th, 2020 the beta launch of their very own InsurTech program, Bunch.
With over 10 years of administering their own proprietary Lloyd's of London, Commercial Property program and launching several InsurTech platforms to their appointed agents, the London Underwriters team was inspired to merge the two worlds into one by launching a cutting edge InsurTech platform.
"Our number one focus when creating Bunch was to provide the perfect balance between automation and customization." - Jessica Gutheil, Chief Marketing Officer
"Customized By You", is Bunch's main claim to fame. Offering advanced customization that gives insurance agents the ability to quote and bind online, choose between direct bill or agency bill and the ability to access a single platform where you can "bunch" your customers commercial p&c policies in one place.
Bunch is going to be offered exclusively to independent agents within the state of Texas during their beta testing phase. The London Underwriters team hopes to expand their state availability to all 47 states which they are licensed within the next few months. Bunch's initial product offering will include Commercial Property + Wind and Commercial Property excluding Wind with several enhancements such as TRIA, Expanded Terrorism and Property Enhancement Endorsements.
London Underwriters has also secured additional contracts for Workers Compensation, Cyber, Equipment Breakdown, and Professional Liability which is currently under development and is expected to be available by mid Q4 2020.
For more information about bunch or join the waiting list for your state, visit their website at www.bunch-insurance.com.