Embroker collaborates with Everspan to digitise insurance through Embroker’s ONE platform

Digital insurance company Embroker has partnered with Everspan, the specialty property and casualty insurer, in a move that is expected to further enhance the digital insurance experience.

Through this strategic partnership, Everspan now underwrites new coverage programs on Embroker’s ONE platform, which includes their newly released packages for accountants, bookkeepers, tax preparers, real estate agents and consultants.

From what we understand, this enhances Embroker’s ability to provide tailored solutions for a wider range of businesses, and also allows for Everspan to expand its distribution capabilities.

It’s important to highlight how Embroker’s partnership with Everspan is a key example of strategic adaptation within the evolving marketplace. Therefore, by creating a digitally-driven underwriting experience, Embroker is cutting down on the repetitive processes many experience when purchasing coverage.

Ben Jennings, CEO of Embroker, commented: “Technological innovation in insurance is critical if the industry expects to keep up with expanding customer expectations. With Everspan, we’re accelerating the digitization of the industry, partnering with forward-thinking carriers like them to improve our tailored offerings.

“This not only enhances growth velocity but also reinforces our commitment to customer-centric solutions, safeguarding businesses and allowing them to remain focused on driving their core business.”

Furthermore, Embroker recently launched an AI-powered document ingestion feature designed to simplify the insurance application process.

According to the company, this technology extracts and processes data from common insurance applications, which ultimately reduces the manual input process for brokers.

As well as this, the technology also uses PDF review capabilities and advanced reasoning technology to extract data from documents and pre-fill applications, reducing broker effort without sacrificing accuracy.

“Our ultimate goal has always been to simplify insurance for the customer, but with AI, we’re able to do more than that. This innovation reduces time-consuming tasks not just for customers, but for brokers too. Automation tools built into the application process allow brokers to focus on delivering tailored experiences and coverage to their clients,” added Jennings.

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