Integrated Specialty Coverages (ISC) Launches General Liability Program Geared Toward Gig Economy Contractors
In partnership with Markel Specialty, the program offers unique flexibility for ‘by the job’ contractors and will be offered through ISC’s AI-enabled platform.
NEW YORK–(BUSINESS WIRE)–Integrated Specialty Coverages (“ISC”), a leading, multi-line program administrator that builds end-to-end insurance products utilizing artificial intelligence (AI) technology and analytics, today announced the launch of a unique new General Liability policy program geared towards “gig economy” contractors. The program provides contractors “by the job” flexibility, offering a variety of customizable options while delivering exceptional coverage at competitive rates. The program is made available through ISC’s AI-enabled platform, and underwritten by Markel Specialty, a division of Markel Corporation.
The program will be compatible with 30 different construction trades for a variety of classes beyond the typical handyman job, including but not limited to carpentry, electrical, painting, concrete, and janitorial work. Options include liability limits up to $1 million for 1-121 days and are geared specifically to the “gig economy” worker or the “weekend warrior,” with on-demand policy delivery and certification. With automated workflow, these policies can be bound in minutes using ISC’s advanced proprietary online platform, while payments are made seamless through digital payment applications.
“We are thrilled to partner with Markel and leverage our AI-technology and data capabilities to expand ISC’s platform for this growing segment of contractors and provide them with more flexibility and options on shorter-term projects,” said Matthew Grossberg, CEO of Integrated Specialty Coverages. “Markel has an excellent reputation, and we look forward to their support in delivering this product through our robust platform.”
“ISC brings a unique relationship to our team. While many of our partners are insurtech start-ups, ISC is a well-established Program Administrator with an existing distribution network,” said Scott Whitehead, Managing Director of Markel Insurtech Underwriters. “Combining first-hand industry expertise with technology and analytics, ISC has identified an opportunity to create and distribute new and innovative products that more closely align with the needs of their clients, while also attracting new ones.”
ISC is a technology company designed to provide brokers easy access to niche insurance programs, while utilizing AI technology and analytics to deliver superior underwriting results to its carrier partners.
About Integrated Specialty Coverages (ISC)
Integrated Specialty Coverages (ISC) is a leading, multi-line program administrator dedicated to underwriting excellence, client service, and customer experience. ISC has built an end-to-end insurance platform by connecting a broad network of insurance markets and distribution channels with proprietary data analytics capabilities. The firm uses sophisticated technology and analytics to revolutionize how complex programs are underwritten and operated. They are joined by experienced professionals from all spheres of the insurance ecosystem. ISC’s strategy is focused on a combination of strategic M&A, data-driven decision making, as well as an innovative means of delivery. ISC provides its partners with high-quality service, competitive commission, and creative product delivery options to help expand their footprint in any desired line or class of business. ISC is a portfolio company of KKR. Please visit: https://iscmga.com/
About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company’s principal business markets and underwrites specialty insurance products. In each of the Company’s businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at www.markel.com
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Alex Jeffrey / Sara Widmann
Gasthalter & Co.
(212) 257-4170
