Fastcomp Creates ‘Workers’ Comp Insurance Exchange’ for Independent Agents

Fastcomp, a workers’ compensation technology platform based in Boston Heights, Ohio, has introduced a proprietary Multiple Quote Automation engine for monoline workers’ comp with independent agents in mind.

The company said that depending on the risk, Fastcomp can deliver as many as eight quotes with a single submission.

The new platform also elevates the agent experience at policy renewal, according to the company. Now, there is no need to shop quotes if a renewal premium goes up. Agents will receive the renewal quote, plus multiple quotes from other carriers for comparison.

This same technology also allows Fastcomp to deliver the necessary multiple declinations in writing for clients headed for “assigned risk.”

Fastcomp has focused exclusively on monoline work comp for independent agents since 1998.

Source: Fastcomp