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Covenant Celebrates a Successful 2021

Covenant Underwriters spent 2021 bolstering underwriting results and framework for continued growth and success as a program administrator. There are many causes for celebration as the firm moves into its fourth year of operations.

 

On March 1, 2021, Covenant Underwriters partnered with Accelerant Specialty Insurance Company (ASIC) for the Hotel Risk Manager program. Accelerant shares Covenant’s vision of removing barriers to specialty insurance.

 

Some other highlights from the past year:

  • Rolled out cutting-edge rating system with four new data integrations
  • Expanded capacity/authority in property and casualty lines

 

As the year ended, Covenant drew closer to finalizing our next program, C-Store Risk Manager (CSRM). This new program, focused on convenience stores, is set to launch in 2022. The team is eager for the new opportunities CSRM will bring Covenant.

 

Covenant also added more of its most vital resource in 2021: people. By the end of the year the team doubled from five employees to ten. This intentional increase is an important piece to the continued success of the firm. Office comradery and efficiency are at an all-time high and show no signs of slowing down.

 

Covenant is thankful to each of its partners and teammates who made 2021 such a positive year.

Daniel Murray No Comments

Covenant now accepting submissions for Hotel Risk Manager!

Covenant will begin accepting submissions in November 2019 to its highly anticipated hotel insurance program, Hotel Risk Manager.  This is Covenant’s first program, seeking to fill gaps and eliminate the hassle of traditional E+S markets.  The team would like to thank our reinsurance partners, vendors, and key brokers who provided long hours of feedback and support to get this inaugural program launched.  Covenant administers this package policy with binding authority in 48 states.  For more information, please visit https://covenantunderwriters.com/products/hrm/

 

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Covenant Selects Instanda for Policy Management

Covenant Underwriters has contracted with Instanda, Inc. for their cutting-edge, entirely configurable policy management system.  In keeping with our vision of unleashing broker potential, Instanda is the perfect complement to Covenant’s custom policy and automated billing approach.  Instanda’s platform allows Covenant to easily integrate with data partners and 3rd party tools, as well as providing real-time access for brokers, insurers, and policyholders.

INSTANDA’s cloud-based, insurance ecosystem for the U.S. P&C industry includes a configurable, integrated environment for product design, rating, policy administration, digital payments, analytics, and services, which can be rapidly implemented or upgraded using agile methodologies to deliver the capabilities and results P&C insurers need to compete in a digital-first world.  Learn more at https://instanda.com/.