July 12, 2019 by David Dyck
TORONTO, July 9, 2019/insPRESS/ — CHES Special Risk Inc. has partnered with Apollo Insurance to offer bind online insurance products through the Apollo Exchange. The first product from CHES Special Risk to be available to Apollo broker users is Logging Truck Insurance.
As with every Exchange product, the entire process — from quoting, binding coverage, and issuing policy documents — is immediate, completely online, and paper free. Brokers and insurers are paid in real time, as soon as the policy is bound. Brokers can now access all CHES products on the Exchange via https://exchange.apollocover.com/insurer/ches.
CHES Special Risk Inc. was established as a Managing General Agent and Wholesale broker in 2004, later becoming a fully accredited Lloyd’s coverholder in 2009. CHES Special Risk is a fully independent MGA, delivering “A” rated capacity both in the hard to place, and standard lines classes and support their retail brokers in growing and developing their businesses.
“At Apollo, we believe in empowering the broker channel,” says Apollo CEO Jeff McCann. “With this product from our partners at CHES Special Risk, our broker users can spend less time on paperwork and more time building relationships.”
CHES Special Risk is one of several providers that offer products on the Apollo Exchange.
Apollo Exchange not only gives brokers more access to products, it also offers a new distribution channel and access to data for insurance carriers who partner with the Exchange.
“We are more than just technology or distribution with our insurer partners — we are consultants who provide insights into the performance of their products that insurers have never had before,” says McCann.
Where traditionally, application data has been locked in outdated PDF application forms, Apollo Exchange is able to collect, analyze, and report data insights back to insurers. That data can be used to optimize more accurate risk rating and pricing.
“It is important for us to adapt to changing expectations of buyers and the next generation workforce,” says McCann. “Apollo Exchange takes a whole new approach by combining technology, insurance capacity, and content marketing services.”
Jeff McCann, CEO
About Apollo Insurance Solutions
Apollo is Canada’s largest small business insurance marketplace. Through the Apollo Exchange, brokers can quote, bind, and issue policy documents for hundreds of classes of small businesses from Canada’s leading carriers. Brokerages are also able to white label the platform and sell directly from their brokerage website.