![](https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2024/05/kelly-sikkema-_whs7FPfkwQ-unsplash-4.jpg)
Speciality insurance provider Amwins has expanded its online marketplace, Amwins InstantQuote (Amwins IQ), to include residential flood coverage, offering retail agents a platform for flood risks.
Amwins IQ claims to combine the convenience of online quoting with the expertise of property and casualty wholesalers.
This new feature provides access to A-rated carriers and the support of Amwins’ underwriting specialists.
Launched last month, Amwins IQ is designed to allow agents to secure quotes and bind coverage while leveraging Amwins’ network and market offerings.
The insurer claimed that it offers over 100 years of collective flood underwriting experience and more than $40bn in insurable values placed.
Amwins IQ’s flood quoting capability also includes proprietary market offerings and exclusive flood programmes that are said to compete with both the National Flood Insurance Program and other private carriers.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe addition of flood coverage to Amwins IQ is currently available in 21 US states, with plans to extend its reach nationwide by the end of the year.
Amwins Access senior vice president Colin Tinley said: “Our aim is to provide a meaningful cross-section of the market and to deliver price and coverage transparency. Unlike other digital platforms, Amwins IQ does not just offer straight-through policy processing. Retailers are able to engage with our experienced underwriters on more complex risks.
“And by delivering product density, retailers can streamline their operations by utilising Amwins IQ as a comprehensive one-stop solution, eliminating the need to navigate multiple platforms or providers.”
Earlier this year, Amwins agreed to acquire wholesale E&S insurance brokerage Connected Risk Solutions from BRP for an undisclosed sum.