New York, NY -- (SBWIRE) -- 02/07/2018 -- Broker Buddha, a top InsureTech platform, today announced the launch of a new partnership with Simon Agency, a full-service insurance wholesaler, in business for over 60 years, licensed in all 50 states, and with over 30 insurance carriers relationships offering top notch products. As part of the partnership, Simon Agency will provide free licenses of Broker Buddha's cutting-edge technology to its more than 3,000 retail brokers.
Selected as a Top 10 InsureTech platform of 2017 by Insurance CIO Magazine, Broker Buddha is a next generation customer engagement platform for independent insurance brokers and captive agents, proven to increase customer retention and close rates while saving time. "Thanks to our award winning platform and our partnership with Simon Agency, people applying for insurance never again need to experience the frustration of paper applications and static online forms," noted Broker Buddha CEO, Jason Keck. "Our Supplemental Smart Form technology helps brokers impress their clients by delivering an intuitive, online experience." The Broker Buddha technology identifies common questions across different forms, so applicants no longer have the doctor's office-like experience of answering the same questions on different forms. The technology also simplifies the renewal experience by automatically pre-filling renewal applications with the prior year's data.
Broker Buddha has created interactive, customer-friendly, online Smart Forms which collect information required for ACORD forms and supplementals. By putting these applications online, the platform allows agency clients to submit applications to their broker faster and easier. "We are excited to work with Broker Buddha and their team of experienced technology leaders. For the first time, smaller agencies will have the tools to make their businesses and websites completely digital without losing the important hands-on service that we know is so important," said Simon Agency President, Steve Diamond. Diamond, who has a deep knowledge of small to mid-size commercial insurance markets, saw particular value for brokers, noting that the Broker Buddha platform allows them to submit quote requests directly to Simon with one click.
"Most agents and brokers make 80% or more of their revenue from renewal business," said Keck. "So, we decided to build a platform which simplifies the most painful part of the renewal process for them… getting an updated and signed Supplemental application." Currently, Broker Buddha is developing a renewal operations dashboard that will integrate the renewal process with SalesForce, Microsoft Dynamics, and other popular CRM technologies.
About BrokerBuddha
Broker Buddha is the leading provider of Online Supplemental Smart Forms for the Insurance industry. Based in New York City, the Broker Buddha platform powers the fastest growing brokerages in the country. Broker Buddha is part of Interplay, a foundry and venture capital firm that builds, incubates, and invests in the country's best companies.
For more about Broker Buddha, please visit http://www.brokerbuddha.com.
To schedule an interview with Broker Buddha CEO, Jason Keck, send an inquiry to pr@brokerbuddha.com.
About Simon Agency
The Simon Agency has been collectively providing Insurance Markets to retail brokers for over 60 years.
To schedule an interview with Steven Diamond, send an email to sdiamond@simonagencyny.com.