Retrieved on:
Wednesday, April 17, 2024
SAN FRANCISCO, April 17, 2024 /PRNewswire/ -- Rainbow, a leading provider of insurance solutions for restaurants, is thrilled to officially announce the launch of a partnership with First Connect, a digital platform designed to provide independent agents access to some of the nation's top carriers and MGAs,
Key Points:
- By leveraging a modern digital experience, the First Connect platform provides a seamless avenue for agents to discover and procure a wide range of products and services for their insured clients.
- "We are thrilled to be partnering closely with First Connect to bring more of our insurance solutions to the restaurant community," said Bobby Touran, CEO of Rainbow.
- "Rainbow is a great addition to our growing roster of carriers with an appetite for insuring small businesses," said Aviad Pinkovezky, President of First Connect.
- The deep specialization and expertise in insurance coverage for restaurants that Rainbow brings to First Connect agents is a valuable opportunity."
Retrieved on:
Wednesday, February 28, 2024
SAN FRANCISCO, Feb. 28, 2024 /PRNewswire/ -- Rainbow, a digitally-enabled managing general underwriter building tailored small business insurance products, has announced launching its admitted restaurant insurance program in the state of California.
Key Points:
- SAN FRANCISCO, Feb. 28, 2024 /PRNewswire/ -- Rainbow, a digitally-enabled managing general underwriter building tailored small business insurance products, has announced launching its admitted restaurant insurance program in the state of California.
- Rainbow's entrance into one of the largest insurance markets in the world comes at a time when many incumbent carriers have significantly pulled back their offerings in California, or exited the market entirely.
- Insurance agents will benefit from Rainbow's bespoke restaurant program and leading customer service, which will stand out in a market starved of available capacity.
- With California, Rainbow is now live in 15 states across the country with its Business Owner's Policy.
Insurance,
Uncertainty,
AM Best,
Policy,
API,
POS,
Risk management,
IX,
Appetite,
BOP,
Accelerant,
Sale,
Acquisition,
SAN,
Businessperson,
Business owner's policy,
Reinsurance,
Seamless,
Rainbow SAN FRANCISCO, Oct. 3, 2023 /PRNewswire/ -- Rainbow, a digitally-enabled underwriting company, has announced the launch of the industry's first annual term Business Owner's Policy (BOP) specifically tailored to the restaurant industry and among other payment methods is also available to be billed on a Pay-As-You-Go basis. The company's digital insurance products are available to independent agents and brokers through direct appointment, or via participating digital partners. Rainbow enters the admitted commercial multi-peril market with capacity through Accelerant, which is rated A- Excellent by AM Best (IX Financial Size Category).
Key Points:
- The company's digital insurance products are available to independent agents and brokers through direct appointment, or via participating digital partners.
- Rainbow enters the admitted commercial multi-peril market with capacity through Accelerant, which is rated A- Excellent by AM Best (IX Financial Size Category).
- "The restaurant industry was significantly impacted by the pandemic, and uncertainty around labor supply, food costs and customer behavior still remains," commented Jamie Hankinson, Co-founder and Head of Product at Rainbow.
- "There is a huge opportunity with embedding insurance quotes at the source of customer data, especially when obtaining insurance coverage is table stakes in the industry," said Shalom Yiblet, Co-founder and Head of Technology at Rainbow.
