Chubb recognized for Marketplace platform

Chubb recognized for Marketplace platform | Insurance Business

Chubb recognized for Marketplace platform

Chubb has received an award for its digital Marketplace platform, the company has announced.

The insurer was recognized with the Network of Vertafore Users’ (NetVU) annual Automation Excellence Award. The award recognizes ideas that enhance efficiency, improve profitability, and streamline operations for insurance agents. NetVU is an industry advocacy group that provides education and networking to more than 25,000 insurance agencies, carriers, MGA/MGUs, and compliance organizations.

“The Automation Excellence Award is designed to acknowledge achievements in automation technology between carriers, managing general agents, and agencies that have produced advances in productivity, profitability, and service for NetVU members,” said Mike Foy, chairman of the board for NetVU and principal of New Hampshire-based Foy Insurance. “NetVU supports customer- and agency-facing collaboration tools. Through its innovative digital Marketplace experience, Chubb has made it exponentially easier for agents to write small business accounts, combined with a useful self-service portal for insureds.”

“It is an honor to receive the Automation Excellence Award from NetVU and be recognized for how the Chubb Marketplace facilitates agents’ ability to place and service small business insurance,” said Jim Williamson, small commercial insurance division president for Chubb North America. “Chubb put a tremendous amount of time and energy to make the Marketplace an intuitive digital experience. We are pleased that our efforts have been recognized by this distinguished insurance technology and advocacy group, and, perhaps even more importantly, by our agents who nominated us for this award. Chubb will continue to enhance the Marketplace with the addition of new products and capabilities that help independent agents grow their business.”