Quotey expands marketplace by adding Shore Underwriting

Quotey expands marketplace by adding Shore Underwriting | Insurance Business Canada

Professional Risks

Quotey expands marketplace by adding Shore Underwriting

Other products also in the pipeline

Professional Risks

By
Terry Gangcuangco

Quotey has announced the expansion of its commercial and specialty insurer marketplace by integrating Shore Underwriting’s management liability product.

Brokers that use the Quotey platform can now instantly obtain quotes for directors and officers (D&O) and employment practices liability (EPL) coverage for Canadian private companies and non-profits with up to $250 million in revenues or 250 employees.

Shore’s offering includes coverage across more than 1,000 industry classes, providing up to $5 million in limits for D&O and EPL, and up to $1 million for crime.

“We’re excited to welcome Shore Underwriting to our marketplace and to offer their innovative management liability product to our broker partners,” Quotey chief executive and co-founder Nick Kidd (pictured) commented.

“Shore has a wealth of experience and expertise in this niche area of insurance and has developed a product that is easy to quote, flexible, and competitive.”

The tie-up marks the first Shore product available through Quotey, with plans to introduce additional professional liability products, including miscellaneous professional liability and architects & engineers, by the fall.

Shore CEO Michael Shore expressed enthusiasm about the partnership, stating: “Quotey is a trailblazer in the digital space in Canada, and Shore Underwriting is thrilled to collaborate with Quotey to add our products to their platform.

“We believe that digital and online strategies are the way of the future, and Quotey is the ideal partner based on our aligned visions for underwriting innovation in the Canadian marketplace.”

Quotey is currently available in all provinces except Quebec, where it is expected to launch soon. Via a subscription at $10 per month per user, Quotey allows brokers to submit a single digital application for over 1,000 business classes and receive comparable quotes from a growing list of insurers.

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