NOW Insurance Launches Physicians and Medical Groups Coverage on AI Portal
December 5, 2023by
NOW Insurance, a full-stack, AI-enabled commercial insurance platform specializing in medical professional liability coverage, recently launched coverage for physicians and physician groups in their online platform. Select brokers can now shop for and bind coverage for physician and medical group clients.
According to NOW, the platform utilizes a state-of-the-art underwriting process that allows brokers to receive a quote using only the physician’s or group’s national provider identifier (NPI) number. No application is needed. Clean accounts will return a quote in just minutes, an improvement over traditional malpractice quoting that can take weeks of information gathering and back and forth with an underwriter.
“We’re thrilled to bring our technology to the market for physicians’ malpractice coverage. We’re confident both brokers and physicians will be impressed with the efficiency and the coverage,” said Philip Cabaud, NOW Insurance founder and chief executive officer.
The simple online platform has a clean and easy-to-use interface. Brokers and teams can manage all their opportunities in one place, check status and communicate with an underwriter inside the portal.
“The platform gathers nearly all the information needed to effectively underwrite this class without an application, lifting a burden off the broker and their clients,” said Patrick O’Doherty, Now Insurance executive vice president of underwriting. “The data that informs the underwriting is more robust, and crucially, more accurate, than anything else in the market.”