Flow Insurance Services has partnered with Chaucer Group to allow for the digital distribution of Chaucer’s new residential flood insurance product. Flow’s retail agents will have the ability to quote, bind, and service Chaucer’s flood insurance product on the FlowRater.
Flow Insurance is a private flood insurance program manager, surplus lines specialty broker, and creators of the FlowRater, a digital platform that allows agents to bind quotes and service policies from multiple partners in one ecosystem.
“Having another market on the FlowRater that can be quoted, issued, and serviced within our ecosystem gives our agents full control and helps us to deliver on our promise of being the first flood insurance platform to offer multiple bindable quotes” Abbe Sultan, co-founder at Flow Insurance Services, said in the announcement.
“I’m thrilled about adding Chaucer to the FlowRater”, says
Michael Pallas, co-founder at Flow Insurance Services, added that Chaucer’s data-driven approach and advanced modeling fit well in the FlowRater platform.
“We are excited to launch our new residential flood product through Flow,” said Chance Gilliland, head of US Property at Chaucer Group. “There is significant and growing consumer demand for flood coverage in the US and we aim to provide product and capacity to meet our customers needs.”
Chaucer is a specialty (re)insurance group working with brokers, coverholders and clients. Services are accessed both through Lloyd’s of London and company markets. Chaucer is a member of the China Re Group, rated A (excellent) by AM Best and A (strong) by S&P Global Rating.
Source: Flow Insurance Services
Topics Flood
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