Printer Friendly

The Latest Launches From Chubb and EverQuote.

The Latest Launches From Chubb and EverQuote

Chubb is now selling small business insurance for the food service industry. Online insurance marketplace EverQuote said it is expanding into health insurance and renters insurance, building on its existing auto, home and life insurance marketplace offerings.

***

Chubb now offers small business insurance for the food service industry.

Coverage is available through the Chubb Marketplace digital platform, which features a broad and customizable suite of products for businesses with up to $30 million in revenue.

In addition to Chubb's Business Owner's Policy (Chubb BOP), coverage for small businesses within the food service industry is available on the Chubb Marketplace for the following lines of business: Umbrella, Workers Compensation, Commercial Auto, Cyber Enterprise Risk Management, Management and Professional Liability and Foreign Package.

***

Online insurance marketplace EverQuote announced it is expanding into health insurance and renters insurance, building on its existing auto, home and life insurance marketplace offerings.

EverQuote's health insurance marketplace helps consumers navigate the purchasing non-employer provided health or Medicare plans. EverQuote's renters insurance marketplace benefits shoppers who are interested in protection for their personal property.

EverQuote allows for targeting of consumers for carriers based on geography, demographics, behavioral characteristics and coverage needs. Agents who access the marketplace can specify their desired consumer profiles, geographic areas, hours of operation, budgets and product types across auto, home and life insurance.

Insurance carriers in its network include Allstate, Farmers, State Farm, Nationwide, Mercury, Liberty Mutual, Travelers, Hartford, American Family, Progressive and MetLife. EverQuote's two largest customers, Progressive and GEICO, together accounted for 29 percent and 28 percent of its revenue for 2018 and 2017, respectively.

Sources: Chubb, EverQuote

COPYRIGHT 2019 Wells Media Group, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Carrier Management
Date:Jul 1, 2019
Words:333
Previous Article:W.R. Berkley Corp. Hires Former AIG Exec Fenster to Run Commercial Transportation Insurance Arm.
Next Article:Giving a Presentation? Focus on Making the Message Clear and Relatable.
Topics:

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |