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AM Best: “Wunderite Driving Independent Agents Toward ‘Google Maps’ Experience”

news.ambest.com: 

Web-based app collects and centralizes data to streamline processing of insurance applications.

Peter MacDonald wants searching for the best homeowners policy to be as easy as finding a location on Google maps. “If you type in your address, wouldn’t it be great if we could prefill 150 data points? Flood zone, distance to the coast, elevation? All this data that agents and their customers don’t know,” he said.

Wunderite, which MacDonald co-founded with Joe Schnare, developed a web-based app to collect and centralize this kind of information, to make it faster and easier for independent agents to help customers with property/casualty insurance options and applications. MacDonald spoke with AM Best TV about the platform that is only available at www.wunderite.com.

Techstars Boston - Wunderite

Techstars: “Introducing Techstars Boston’s Class of 2020”

We are excited to introduce the 10 companies joining Techstars Boston in 2020 – the first class of the second decade of Techstars Boston! We’ve selected a diverse group of companies uniquely positioned to take advantage of all the Boston entrepreneurial ecosystem has to offer…

Insurance Journal: “Insurance Is ›Original Big Data Industry‹”

Former independent agent Peter MacDonald is founder and CEO of Wunderite, an insuretech enabling commercial lines underwriting. Insurance has always been “the original big data industry,” Peter says on this podcast. The key for the industry to evolve its systems, because, “Who wants to work in an industry where all systems are built on technology, forms and terms that are really old?” Further, Peter adds: “I don’t think agents and brokers will go away. The ones who will be here will be the ones who embrace new technology. A lot is possible if you put your mind to it. Independent agents have an advantage – they really understand the space. It’s complex and onerous. It’s an enormous industry. You have to be a niche expert.”

WUNDERITE (WUNDER•ITE)

Portmanteau of the German “wunder” (miracle), and “underwrite”, the act of supporting a voyage by physically signing your name under a ship ‘s manifest