Independent Market Solutions Partners with Coterie Enabling Agents to Better Quote and Issue Policies and Service Small Businesses Clients Online
CINCINNATI, January 26, 2021 – Coterie, the technology company that simplifies buying small business insurance, today announced a partnership with Independent Market Solutions, a membership driven solution to market access jointly owned by 14 independent agent associations throughout the country. This partnership will allow IMS members to instantly quote and issue policies, benefit from 100% digital up-front underwriting, and gain market access to an expansive appetite built for the small businesses of today.
“We are thrilled to be partnering with IMS,” said Greg Roth, VP of Agency & Broker Distribution at Coterie. “Our platform will help IMS members digitize their small business insurance operations, allowing them to deliver first-rate customer service and a 24/7 online presence, all while saving them valuable time by being able to quote and issue policies online in minutes.”
The Florida Association of Insurance Agents created IMS in 2007 in response to a distressed coastal property market. The market access program quickly became a widely utilized resource by member agents and began its expansion into other states. Today, IMS provides access to a variety of insurance markets, personal, commercial and specialty lines.
“Agents know what they need more than anyone and what we hear about most from our members is the need for market access,” said FAIA President & CEO Kyle Ulrich. “Adding Coterie to the IMS platform continues to diversify our product offerings and lines of business. In addition, the unique features offered by Coterie are sure to benefit our members.”
IMS members in conjunction with Coterie will gain immediate access to policy documents, insurance certificates, renewals, billing and claims – all through the Coterie Dashboard. Agents will also be able to leverage Coterie’s professional claims handling for small businesses as well as hands-on customer services support.
“Coterie allows IMS agents to be even more helpful to their small business clients,” said IMS President Jeff Grady. “Real-time quoting and the latest policy management technology makes placing business insurance through Coterie easier, faster and more economical for agents and their customers.”
“We’ve heard from agents that servicing their small business customers can be much more time consuming than it is profitable” said Tim Metzner, Chief Strategy and Growth Officer and Co-founder of Coterie. “That’s why we’ve streamlined and digitized small business insurance making the whole process simple, fast, and easy – for both agents and their customers.”
Visit https://www.imsaccess.com to apply to become an Independent Market Solutions Member today.
About Coterie
Coterie is on a mission to make business insurance easy. Through tech-based business insurance solutions, Coterie delivers simpler coverage, better pricing, and a streamlined experience. By enabling the instant quoting and issuing of policies as well as a 100% digital underwriting process, agents and brokers are able to simplify and digitize their operations to better serve small businesses. Digital insurance platforms are able to leverage Coterie’s simple, easy to integrate APIs to further streamline the quoting and binding experience. Coterie’s expansive appetite is the most inclusive for the small businesses of today. For more information on Coterie and the digital transformation of small business insurance, go to coterieinsurance.com.
About Independent Market Solutions
Independent Market Solutions is jointly owned by 14 independent agent associations throughout the country to provide a membership driven solution to market access. IMS was launched in 2007 to help create a more robust private property market for member agents and since that time, IMS has grown to include 14 state association partners with over 9,000 member agencies. Today, IMS operates in 16 states and has more than 1,400 contracted sub-producers. In 2021, IMS sub-producers are expected to generate more than $140 million in direct written premium through more than 25 different insurance companies. Learn more at imsaccess.com.
