Chubb reveals new small commercial digital platform

Chubb has launched a new digital platform for independent agents to quote, issue, and service all of their small business accounts.

The new Chubb Small Commercial Marketplace is “an intuitive digital experience designed to modernize the placement and service of small business insurance,” built for independent agents, a release said.

“The Chubb Small Commercial Marketplace is a new, intuitive experience and a major investment in Chubb’s independent agency distribution force,” said Chubb North America division president of small commercial insurance Jim Williamson. “Through the Marketplace, Chubb is enhancing the way small business insurance is being sold and serviced.”

Built with advanced technology, the Chubb Small Commercial Marketplace features the following:

• Multi-line account quote capabilities;
• Support for both standard and specialty lines, including business owner’s policy and management and professional liability lines;
• Extensive data pre-fill with high rates of straight-through-processing;
• Immediate access to Chubb underwriters; and,
• Online, account-level billing with a pay by credit card option.

Chubb’s Small Commercial Insurance had deployed the Marketplace platform to over 3,000 agencies and 15,000 users over the past several months. The company said in a release that it plans to further expand the capabilities and user experience of the Small Commercial Marketplace.

“Chubb believes independent agents will continue to be indispensable advisors to small business owners,” Williamson remarked. “The Marketplace is a game-changing solution for how small business insurance gets done, and reinforces Chubb’s commitment to helping independent agents grow their business.”