Coterie Insurance – Insurtech Innovation Award 2023

1. The Coterie
Experience
07/12/2022
INTERNAL ONLY

2. Underwriting Engine in Commercial API
 validate business details
 tailor coverage for their customer's
needs
 Versions: fully embedded, bridge to QF,
bridge to dashboard, hybrid
Coterie uses data in real-time to identify, qualify, evaluate,
and bind insurance for small businesses - consistently and
transparently.

3. Manufacturing
Insurance Digitally
06/30/2022
INTERNAL ONLY
 Identify the business
 Classify the risk & determine appetite
 Confirm risk eligibility
 Evaluate and score the risk exposures
 Dynamically recommend coverage extensions
 Risk-specific pricing and exclusions
“We use data to answer our own underwriting questions
so the agent can focus on advising and selling.”

4. Impact
to
Agent
Respond to
customers
instantly
Provide a solution
to customers when
they need it most
We answer our
own underwriting
questions
Grow
profitably
No time-
consuming apps
or unproductive
carrier interactions
Increase quote
thruput by 10Xs
Digital
intelligence
All quotes are
bindable
Coverage tailored
by industry and
each risk
Love that you are doing the work and providing the
data for us to verify.
Coterie Agent
06/30/2022

5. Save Time with
Coterie
10X
quote throughput
75%
less total time

6. Benefits to Agents and Customers
Coterie
Experience
By removing friction from the underwriting process, agents are more incentivized to pursue these small
business opportunities in the markets they serve.
This is a market-leading first in
the P&C industry for this broad
of an industry appetite,
geography, and for BOP.
Agents pursuing SMB P&C
spend too much time navigating
carriers’ appetite, answering
questions, and
completing paperwork that does
not generate a quote.
Small businesses will be able to
bind BOP and GL insurance
faster and more reliably when
they need it most.
Agencies can onboard new
producers with intelligent
quoting.
Agents can expand deeper into
existing appetite or expand
wider to new markets by using
as a prospecting tool
06/30/2022

7. Name and Address
Classification
Details
Pay and Bind
Policy
Edit Quote

8. Business Name
• legal or DBA name
• 3rd Party data vendor classifies business name
Business Address
• Complete address including state and zip.
• 3rd party vendor verifies business address
SimplyBind by Coterie Insurance

9. General Liability Policy
• Effective date defaults to today
• All sections should be reviewed
• Items in red MUST be completed to bind policy
• GL Limit options are:
• $300K / $600K
• $500K / $1M
• $1M / $2M
• Liability deductible options are: $250, $500,
$1000 and $2500
• Coterie defaults to most common and
best deal - $1M/2M is what we sell the
most and represents best deal for the money
• NOTE – Future enhancements – Property
Damage Liability Deductible may be going
away
SimplyBind by Coterie Insurance