Bold Penguin is the insurtech innovator that gives you multiple ways to grow and own commercial insurance with varying levels of commitment and ownership.
Bold Penguin is where technology enhances the human touch in commercial insurance. With a heavy focus on agents, Bold Penguin pushes the boundaries of user experience for businesses, is an easy tool for agents, and offers a streamlined process of underwriting for carriers.
Bold Penguin was founded in 2016 by Ilya Bodner & Benjamin Clarke and is based in Columbus, Ohio.
Bold Penguin has quickly grown to be the supporting infrastructure of commercial insurance for industry giants and the distribution channel. It allows for the quoting and binding of commercial insurance to happen in hours or minutes versus the traditional methods which sometimes take weeks.
Bold Penguin offers, The Bold Penguin Marketplace, a highly efficient commercial insurance exchange that connects customers, agents, and carriers to match the right quote in record time.
Bold Penguin has partnered with many insurance providers, some of them includes Arthur J. Gallagher & Co, Motorists Insurance Group, Attune, CNA, bizinsurance, HISCOX, PROGRESSIVE etc.
Bold Penguin is backed by investors including Hudson Structured Capital Management Ltd., Lightstone, Guggenheim Insurance, Lockton, & Stone Point Capital among others. The company raised $32M from a "Series B" financing on Sep 23, 2019. This brings Bold Penguin's total funding to over $50M to date.