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American Family to acquire insurtech company Bold Penguin
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Bold Penguin, an insurance technology company focused on small businesses, the companies announced Thursday.Terms of the deal, which is pending regulatory approval, were not disclosed.Bold Penguin will retain its name and business model and will become a subsidiary of American Family.The company’s technology is used by insurance agents and brokers to match, quote and bind policies from a range of insurers, helping to simplify and quicken the process of getting small business insurance.“Bold Penguin reduces the complexity of small business insurance for customers, for us and our industry,” said Bill Westrate, president and chief executive officer-elect of American Family. “It enables insurers to reach more business owners with protection they need to safeguard their livelihoods and pursue their dreams to serve and employ people in their communities.”Started in 2016, Bold Penguin ....

United States , American Family Insurance , Madison Based American Family Insurance , Ohio Based Bold Penguin , ஒன்றுபட்டது மாநிலங்களில் , அமெரிக்கன் குடும்பம் காப்பீடு , மாடிசன் அடிப்படையிலானது அமெரிக்கன் குடும்பம் காப்பீடு , ஓஹியோ அடிப்படையிலானது தைரியமான பென்குயின் ,