Chubb introduces 'game-changing' solution for small business insurance

Chubb has introduced a new digital insurance platform, the Chubb Small Commercial Marketplace, to make it easy for agents to quote, issue, and service all their small business accounts.

"The Chubb Small Commercial Marketplace is a new, intuitive experience and a major investment in Chubb's independent agency distribution force," said Jim Williamson, division president for small commercial insurance at Chubb North America. "Through the marketplace, Chubb is enhancing the way small business insurance is being sold and serviced."

The Chubb Small Commercial Marketplace has the following features:

• multi-line account quote capabilities;
• support for both standard and specialty lines, including business owner's policy and management and professional liability lines;
• extensive data pre-fill with high rates of straight-through-processing;
• immediate access to Chubb underwriters; and,
• online, account-level billing with a pay by credit card option.

Over the past several months, the marketplace platform has been deployed to more than 3,000 agencies and 15,000.

The insurer said it will use feedback from independent agents to further expand the capabilities and user experience of the Small Commercial Marketplace by expanding industry segments and adding new products, features, and tools.

"Chubb believes independent agents will continue to be indispensable advisors to small business owners," Williamson said. "The marketplace is a game-changing solution for how small business insurance gets done, and reinforces Chubb's commitment to helping independent agents grow their business."