BOSTON HEIGHTS, Ohio, Sept. 19, 2018 /PRNewswire/ -- Fastcomp – the leading web-based source for monoline workers' compensation insurance – is proud to announce that Clear Spring Property & Casualty Co. has joined Fastcomp's array of leading insurance companies as a new carrier partner.
"The move will bring even more opportunity to Fastcomp's independent agents in terms of placing profitable business," observed Fastcomp CEO John Valko. "In return, Clear Spring Property & Casualty will leverage Fastcomp's low cost infrastructure for a wide range of policies, and access across all 46 states."
Clear Spring is an industry leader in assessing risk based on a data-driven approach that uses proprietary technologies to deliver new insights that allow the company's risk management to become more precise over time for each client. The company is a subsidiary of Delaware Life Insurance Company, rated A- (Excellent) by A.M. Best and part of US-based insurance holding company Group One Thousand One.
"Every wholesaler has carriers, codes and promises of partnership," said Valko. "But only Fastcomp has the technology to bring it all to agents, literally at a glance, with so little effort. Unbundling Work Comp with Fastcomp means agents can bind more insureds with us, and use their direct appointments to enlarge the rest of their commercial lines business. It's just a more frictionless, more efficient way to manage their worker's compensation portfolio."
Since 1998, Fastcomp has focused exclusively on online work comp for independent agents, providing them the proprietary technology they need to place monoline workers' compensation coverage profitably. The result: more access, more speed and ever-greater simplicity to help generate more agency revenue.