Commercial insurance technology provider Bold Penguin has announced the integration of State Automobile Mutual Insurance Company with its platform, expanding the commercial auto insurance offering it launched in March. The integration will allow users of Bold Penguin’s platform access to business-use auto coverage through State Auto, with other insurance products to be launched in the third quarter.
State Auto currently operates in 33 states and has $2 billion in premium. It offers products in commercial auto, business owners policy, workers’ compensation, middle-market package, and farm and ranch.
“We have nearly completed a fully digital transformation of all product lines at State Auto over the last four years, while staying 100% committed to the independent agent,” said Brandon Bauer, vice president for platform distribution at State Auto. “This integration with Bold Penguin is another step in that direction – expanding our digital footprint so we can protect more small businesses while continuing to support the independent channel.”
“State Auto is innovative and tech-minded – a perfect fit for our exchange,” said Ilya Bodner, founder and CEO of Bold Penguin. “We onboarded multiple products simultaneously, a challenging undertaking for any organization. State Auto’s ability to execute this level with the speed in which they did so is truly a testament to their success as a digital organization.”
