Foxquilt, a North American digital MGA, has announced a strategic collaboration with Markel to expand the distribution of its proprietary insurance products in the US. Through its full-stack underwriting platform, powered by data analytics, Foxquilt offers tailored coverage and pricing recommendations. Small business owners can also quote and bind policies entirely online, streamlining the insurance journey.
Foxquilt, a leading North American company specializing in embedded small business insurance technology, is thrilled to announce a strategic and long-term capacity relationship with global specialty insurance provider, Markel. This meaningful collaboration spearheads embedded insurance innovation for more small business owners, agents/brokers, and enterprise partners across North America.
“In a world where buyer autonomy and instant end-to-end results have been normalized, the insurance space has lacked the technology investment that affords this, now, table-stakes experience. Small business owners should have the opportunity to access fair value business insurance at any point of sale or trading experience with an enterprise partner,” says Mark Morissette, Foxquilt CEO and Co-Founder.
Foxquilt and Markel both believe in empowering small business owners with innovative access to tailored coverage. By leveraging Markel’s deep knowledge of small business insurance and Foxquilt’s embedded insurance technology, their aligned synergies will continue support for business owners and the agents, brokers, and enterprises that they work with.
Foxquilt will deepen its presence in the United States, coinciding with a continued expansion of embedded partners, to ensure small business owners are met where and when they need insurance.