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ENCON Group, the Canadian MGA unit of Victor Insurance Holdings, is launching an online “next generation” digital platform for commercial insurance brokers.
The new platform, called V2, allows insurance brokers to quickly quote, bind, and issue policies within minutes. It will be accessible through ENCON’s official website and will also enable brokers to choose multiple quote options to present to their clients, add additional insureds, secure certificates of insurance, and manage their transactions in real time.
A release said that the first coverage line to be offered through V2 will be ENCON’s technology insurance for small firms. The insurance protects against allegations of wrongful acts as well as a broad range of cyber risks for IT professionals.
ENCON has plans to make additional lines of business – designed specifically for small to midsize accounts – available on V2 in the coming year.
“In today’s competitive environment, brokers are seeking ways to stand out,” commented ENCON president David Cook in a statement. “With V², we are vastly improving the speed and efficiency in which brokers can serve their clients, giving them a competitive advantage they are looking for.”
The MGA had previously launched V+, an online portal which allows individual Canadians to purchase post-retirement personal life, health, and travel insurance.
