Arrowhead expands its Workers’ Compensation Program into 5 southern states
Arrowhead’s and National Programs’ carrier relationships were the cornerstone to help their Workers’ Compensation Program expand into five new southern states this fall. Those states include Tennessee, Georgia, North and South Carolina and Alabama, with more states to come next year.
“Expansion in these states is a natural fit for our Workers’ Comp program,” said Becky Pinto, president of Arrowhead Workers’ Compensation Program. “We already have a large agency base eager to access our program. Plus, we want to help our producers provide more solutions to their customers. With our innovative online platform and great company partners, we’re excited to begin our next chapter in these states.”
The five states were selected for their growth opportunity. Arrowhead’s uniqueness in the market is due to targeted industry segments, the ability to write 300+ class codes, unique distribution opportunities, and a full service offering that includes claims handling and loss control services.
Both Arrowhead and National Programs have worked with carriers Everest and Munich Re for a decade or more. The carriers’ history with Arrowhead was key in the decision to move forward to expand the Workers’ Compensation Program.
Related: How National Programs’ carrier relationships help launch programs and expand business
“Over the years we’ve had conversations with them regarding state expansion opportunities,” Pinto explained. “Working collaboratively with both, we developed a proposal and plan for expansion. These five states are Phase 1 of our expansion initiative.”
“Expansion has always been part of our plan,” agreed Rich Dern, director of business development. “With this launch we’re bringing growth for our carriers, Arrowhead – and our agent producers.”
Related: How National Programs’ actuarial support helped Wright Specialty gain a new carrier partner
Insurance agents must be contracted to write the coverage. “Currently, we’re working with a select group of agents established within the five states,” Pinto explained. “However, we will consider expanding the broker base if alignment and opportunities exist for both the broker and Arrowhead.”
Appointed agents can submit through the online portal, Arrowhead Exchange. This streamlines the process, using technology that auto-populates the application, from various agency management systems. “In other words, producers won’t have to retype the same information in, multiple times, so the quote and bind process is streamlined,” said Pinto.
When asked what makes our Work Comp product unique, Dern explained, “We have combined the best of both worlds – leading-edge technology along with a dedicated underwriter – to help agents write more accounts quickly. And having topnotch carriers is a significant bonus.”
This article originally appeared on Arrowhead’s corporate blogpost. It has been modified to better fit the needs of our National Programs readers.