CHICAGO, Sep. 14, 2016 /PRNewswire/ -- Insureon, the nation's leading online small business insurance agency, today announced the addition of Silicon Valley veteran Jeff Somers as President and Head of Retail.
An experienced technology executive, Somers comes most recently from a position as Chief Product Officer at Ticketmaster, where he led a 150-plus person team dedicated to the end-to-end optimization of client experiences. Somers has also held leadership positions with tech powerhouses eBay, Microsoft, Zillow, and Amazon.
"We're thrilled to have Jeff on board," said Ted Devine, Insureon's CEO. "The next phase of Insureon's growth requires us to keep improving our best-in-class technology platform and customer experience. Jeff's technology product management skills, combined with our deep insurance knowledge and the power of our leading-edge agency management system, TRUDI, will be an unmatched combination."
Since July, Insureon has been cited by Forbes, Insurance Journal, and Venture Beat as leading the improvement in the small commercial buying process. This includes the introduction of its first MGA powered by $4 billion of capacity from Lloyd's of London and launching its first SaaS client. "As we've said from day one in 2012, it takes deep insurance insight and carrier partnerships combined with the best technology in the space to transform the customer experience," Devine noted. "We have a long way to go, but adding Jeff and his considerable technology skills will make us exponentially better."
"While insurance may not be the obvious choice, there is a tremendous opportunity to leverage technology to better meet the needs of small commercial clients," said Somers. "Ted and the team have built a remarkably innovative business focused on delighting customers. Investing in our technology platform will allow us to dramatically enhance our customer experience and reach, fueling future growth for the business. Insureon is the leading player in the space and I am thrilled to be part of the team shaping the future of the industry."
Somers will be based in the Bay Area and will open and lead Insureon's west coast office in Silicon Valley.
Since 1997, Insureon has provided coverage for more than 250,000 small businesses, with more than 57,000 active clients at present. Insureon both serves retail clients directly and supports the leading top-five banks, brokerages, and insurance companies in delivering their small commercial business, placing more than $300 million in premium annually. Details about its innovative online application, technology, and business model are available at www.insureon.com.