InsurTech Startup to Utilize MarketScout’s MGA Accelerator Program
DALLAS, April 23, 2019 – MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, today announced that it has invested in the Wingman InsurTech platform via MarketScout InsurTech ventures (MIT). Wingman Insurance will be added to MarketScout’s MGA Accelerator program and placed on the MarketScout Exchange.
Wingman provides retail agents access to Cyber Insurance Coverage in a 60-second quote to bind electronic format. Policies are delivered within two minutes. Coverage is provided by an A+XV Best rated insurer.
“Wingman is by far the most impressive quote to bind offering we have analyzed,” said Richard Kerr, CEO of MarketScout. “The Wingman offering provides retail agents the ability to quote, bind, pay, and issue policies in less than three minutes. Many talk about this efficiency but few are able to actually deliver. Wingman delivers.”
MarketScout will place Wingman in its MGA Accelerator program that focuses on distribution to the 40,000 retail agents on the MarketScout Exchange.
G. Philip Feldman, CEO of Wingman added, “We are excited about our partnership with MarketScout. We share the common goals of making insurance buying as easy as an Amazon purchase and only offering the broad policy coverage policyholders expect.”
About Wingman Insurance
Wingman Insurance was founded to make writing insurance faster, smarter and easier. By combining years of underwriting experience with expertly tailored insurance products and a user-friendly online policy management system, Wingman has simplified and accelerated the process for brokers and customers alike. Wingman, founded by G. Philip Feldman who spent years running a traditional insurance agency, offers specialized coverage for technology risks and Wingman Cyber, a top of the market insurance product for all types of businesses to protect against loss resulting from cyber-attacks and data breaches. The Wingman brand is part of the SeQure Underwriters LLC family, based in Cambridge, Maryland. To learn more about Wingman Insurance or Wingman Cyber Insurance visit us at www.wingmaninsurance.com.
MarketScout is an insurance distribution and underwriting company headquartered in Dallas, Texas. The firm is a Lloyd’s Coverholder and MGA for U.S. insurers. MarketScout owns and operates the MarketScout Exchange as well as over 40 other online and traditional underwriting and distribution venues. MarketScout founded the Entrepreneurial Insurance Alliance (EIA) in 2007 and presents the Entrepreneurial Insurance Symposium (EIS) every September. MarketScout founded the Council for Insuring Private Clients (CIPC) in 2012 and administers the Certified Personal Risk Manager (CPRM) designation in partnership with The National Alliance for Insurance Education and Research. In 2017, MarketScout funded the MarketScout InsurTech (MIT) venture fund to invest in firms utilizing technology to improve insurance distribution and underwriting. In 2018, MarketScout launched its MGA Incubator that provides operational, financial, and marketing support to upstart underwriting teams. MarketScout has offices in Arizona, Arkansas, California, Florida, Georgia, Illinois, Nebraska, Pennsylvania, South Carolina, Tennessee, Texas, and Washington, DC. For more information, please visit us at MarketScout.com. California license #0D60423.