Bold Penguin reposted this
📽️ NEWS IN FOCUS: Bold Penguin placed $1 billion of new business on $20 billion of quoted business in 2025, is building book roll capability and digital exchange architecture, and is arguing AI alone will not solve commercial distribution without pricing and product evolution, CEO Peter Settel said. 📰 Watch the full interview from RIMS Riskworld, Pennsylvania Convention Center, Philadelphia >> https://lnkd.in/eFcn7Evq 🏷 Bold Penguin | Peter Settel | James Thaler | The Insurer TV | Thomson Reuters | RIMS (Risk and Insurance Management Society, Inc.) 🔓 Only paying subscribers of The Insurer have access to News in Focus content. Learn more: https://bit.ly/3OmPl0N 🔍 HIGHLIGHTS: ✅ Roughly $20 billion of quoted business deduped in 2025; $4 billion to $5 billion of premium presented to carriers; $1 billion of new business placed ✅ Cash flow positive and EBITDA positive across independent agency, broker, larger brand and direct-to-consumer distribution ✅ AI alone will not solve commercial distribution; exquisite pricing and product evolution are the real solutions ✅ Build-versus-buy decision being reset by AI; Bold Penguin positioning the platform as the infrastructure carriers can build on ✅ Square Risk acquisition last year added 45 digitized MGAs and E&S carriers to the funnel ✅ Digital exchange model and programmatic bind arrangements going beyond traditional binding authority with select carriers #BoldPenguin #Insurtech #AI #Distribution #ESMarket #TheInsurer #RIMSRiskworld