The expansion completes the company’s nationwide rollout of all residential, commercial and RCBAP flood insurance products.
The insurer also completed its proprietary policy management system, Poseidon, which is used by agents and customers to update and track their Neptune policies.
Trevor Burgess, Neptune’s President & CEO, said: “This is a big day for Neptune. Not only are we finally able to offer all our products nationwide in under three years from our launch, but we have also proudly completed development of our proprietary tracking engine, Poseidon, a disruptive technology that raises the bar for the Insurtech industry for ease and speed of policy tracking and management.”
Jean-Luc Eckstein, Neptune’s Executive Director, added: “Homeowners and business owners are choosing Neptune because we are fast to quote, easy to buy, offer superior coverage and can save most consumers money. Neptune’s AI driven engine allows agents and consumers to quote and bind flood insurance in under two minutes. What’s more, most of the time we can save consumers money vs. the NFIP.”
Source: Reinsurance News
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