Just a couple of months after the closing of its latest investment round, which raised $127 million, insurtech startup Pie Insurance announced the launch of its new partner portal. According to Pie, the portal uses proprietary technology that makes it easier for partner agents to submit their clients for workers’ comp coverage and track their status in real-time.
“The partner portal features an integrated appetite checker and can make automatic decisions on more than 70 percent of class codes. Pie’s ability to auto-decide such a high percentage of class codes ensures agents get the information they need faster to better serve their clients.”
While sharing more details about the portal, Dax Craig, President and Co-Founder of Pie, explained:
“This functionality is a game changer for our agency partners,” said “For decades, agents have submitted their clients’ information to a carrier and waited up to weeks for an answer to the question, ‘can you offer coverage?’ By providing automatic bind and decline decisions for our partner agents, Pie is transforming the way agents do business.”
As previously reported, Pie describes itself as a fast-growing insurtech startup that offers workers’ compensation insurance directly to small businesses. The company revealed it began offering workers’ compensation insurance policies in 2018 with the mission of helping small businesses experience true savings and an unmatched level of service. Pie further noted that over the past twelve months, it has grown its written premium 150% to nearly $19 million in the first quarter of 2020.
Pie added that with the addition of the partner portal, it continues to make rapid progress on its mission to automate the entire small business insurance experience from quote to claim.