Insurance technology company Joyn Insurance has been recognized by Celent, a global research and advisory firm for the financial services industry, as a winner of its 2023 Model Insurer award for Digital and Emerging Technology. The annual award program is celebrating its 17th anniversary in 2023.
Celent’s annual Model Insurer Awards recognize the best practices of technology usage in different areas critical to success in insurance. Nominations undergo a rigorous evaluation process by Celent analysts. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence.
“We are honored to be recognized with this award for our efforts to make the insurance experience faster, more accurate, and more transparent,” said Joyn CEO Seraina Macia. “Technology and data are at the core of how we offer a dynamic experience that is changing the industry, and this award is further evidence of Joyn’s momentum.”
The 2023 Model Insurer Award for Digital and Emerging Technologies recognizes Joyn’s Spark technology, a digital workflow platform for commercial business that transforms a largely manual process to enable underwriters to work more effectively. The platform benefits from an experienced team, a very low ongoing technology spend, and continuous development for scale.
“Joyn’s Spark platform works on the principle that underwriters’ time is the most valued commodity,” said Ed McGough, Joyn’s Chief Technology Officer. “Especially in the more complex small and middle market, too often the process is riddled with inefficiencies and errors resulting from many manual processes and handoffs between multiple systems. We built Spark to dramatically improve the efficiency and accuracy of the underwriting process, which leads to a better, faster, and more consistent customer experience.”
Launched in July 2021, Joyn Insurance integrates insurance, data and technology expertise, providing a faster, more accurate and more transparent experience that saves time, costs and frustration. This integration makes Joyn unique within the E&S space as it offers an industry-leading underwriting and workflow platform for the fastest and easiest-to-bind coverages for the market.
Since entering the market, Joyn has bound more than 700 policies with approximately 90 trading partners, covering more than 400 insureds. Today, Joyn offers E&S coverage for property, general liability and excess for companies across more than 700 NAICS codes in 36 states and Washington, D.C.
For more information, or to learn more, visit https://www.joyninsurance.com/.
Joyn Insurance Services Inc. is a Delaware-domiciled, licensed producer and general agent that operates under its “Joyn”TM and “Joyn Insurance”TM brands. Joyn is an insurtech enterprise that will be underwriting commercial insurance in the small and middle markets. Joyn is powered by technology, data and expertise to deliver a transparent and trusted experience to brokers and customers.