Propeller, INC. Joins MarshBerry’s Connect Platform as Premier Partner
The MarshBerry Connect Platform is pleased to announce that Propeller, Inc., a digital surety bonds underwriting technology platform company, has been added as a premier partner for its membership.
MarshBerry’s Connect Platform is a new category of independent distribution that helps insurance firms leverage scope, scale and resources to maximize growth through business intelligence, resource optimization and premier partner alignment.
“When COVID-19 began to disrupt business for Connect Platform agencies and brokers, the team quickly recognized the obstacles surety operations would need to overcome. Propeller’s emergence is not only timely, it’s transformative,” said David Soforenko, MarshBerry Executive Vice President Connect Platform.
Propeller, Inc. delivers a completely automated process for agents and brokers to sell surety. The technology behind the end-to-end process makes it easy and seamless for agencies and their clients – including digital signatures which are now recognized by government entities.
“By partnering with MarshBerry’s Connect Platform we are able to extend the reach of Propeller, Inc. to help solve a pain point in the industry,” said Aaron Steffey, Co-Founder of Propeller, Inc. “Transactional surety has been neglected by carriers and agents due to low commissions and manual processes. We’ve automated the entire process, giving agents and brokers an easy way to sell surety bonds. The back-end functionality helps carriers too, managing submissions and underwriting seamlessly.”
Cited by Insurance Journal as the third largest aggregator in the U.S., the Connect Platform launched April 2019 as an exclusive offering to insurance agency and brokerage members of MarshBerry’s executive peer exchange – Connect Network.
For more information regarding MarshBerry Connect Platform, please email David Soforenko at David.Soforenko@MarshBerry.com or call 440.220.4101.
About Propeller Bonds
Propeller Inc. is a digital distribution agency equipped with a proprietary instant issue surety bond platform. Propeller private labels the platform for agencies, allowing agents to either purchase bonds for clients or by empowering clients to purchase bonds directly. Agents are compensated for all purchases via their unique site link. The company partners with highly respected “A” rated carriers.
