Catalyit Platinum Provider Since 2022 | Last Updated June 2024
Data entry is a problem that has plagued insurance agencies for years. With streamlined underwriting questions, extensive NAICS mapping and various API integrations, the Tarmika Bridge allows you to receive multiple quotes in the matter of seconds. Tarmika wants to make commercial insurance as profitable as can be for independent agents.
Features & Quick Stats
Core Business: Small Business Commercial Lines Comparative Rating Solution
How Tarmika Helps Independent Agents/Brokers:
- Tarmika Bridge is a single-entry rating platform for small business commercial quoting, designed for the independent agent. The Tarmika Bridge helps agents expand distribution channels, gain new business, and provide enhanced customer experience.
- Tarmika Tunnel is the embedded commercial insurance product providing agencies with a consumer facing tool that is connected to their comparative rating solution, Tarmika Bridge. It returns real-time rates from API-integrated carrier markets and displays them within the user interface (UI) to the consumer.
Integrations: Tarmika has integrations with Epic, EZLynx, Better Agency, Agency Zoom and Neon to allow agents to pass data from one system to another and minimize duplicate entry. These integrations are API based.
Partnerships: Tarmika was acquired by Applied Systems in 2022. This led to deeper integrations with Applied products such as Epic, EZLynx and AskKodiak. Tarmika also has 30+ carrier partnerships along with various insurtech companies such as Neon, Aureus, Agency Zoom, and Better Agency.
Key Features:
- Market Appetite Visibility
- Simplify Commercial Submissions
- Quote + Bind
- ACORD Form Generation
- Dynamic Question Set
Videos:
Family of Products
Catalyit Team Review
A Go-to Platform for Small Commercial Lines Quoting
Published: February 19, 2024
What we like:
- Enhanced Efficiency: Tarmika significantly cuts down the time spent on front-end data entry.
- More Options for Clients: Enables agents to access a broader range of carriers and products.
- Streamlined Workflow: The integration with AMS and various platforms ensures a seamless workflow from quote to binding.
- Real-Time Carrier Appetite Updates: Keeps agents informed about carrier preferences without the need for manual research.
Things to consider:
- Carrier Network Expansion: While Tarmika already has a substantial network, ongoing expansion is vital to offer even more diverse options.
- Learning Curve: Users may need some time to familiarize themselves with the platform’s features and integrations.
- Dependence on Accurate Data Input: The effectiveness of Tarmika hinges on the accuracy of the initial data provided.
| Yes/No | TechSelector™ Features |
|---|---|
| † | Proposal to client available? |
| Company coverage comparison available? | |
| AMS integration? | |
| Client access portal? | |
| Client able to quote? | |
| Ability to import schedules (Vehicles, etc.)? | |
| Carrier submission management? | |
| ‡ | Application bundling? |
| Class codes programmed? |
† Depends on carrier
‡ BOP, Workers Comp, Commercial Auto bundling available
Summary:
Tarmika is quickly becoming the go-to platform for small commercial lines business quotes. This tool streamlines small commercial retention and new business acquisition by reducing initial data entry for marketing small business accounts. Its aggregated questions and pre-fill features cut down on redundant work, making account submission more efficient. Additionally, when an Agency Management System (AMS) retains underwriting intelligence, it can swiftly upload this to Tarmika, generating carrier quote options, including bindable quotes for risks that align with carrier appetites.
Crucially, Tarmika saves agents considerable time by eliminating the need to review changing carrier appetites manually, contact underwriters, or input data into various carrier websites. Field evidence shows that agents using Tarmika access more markets, offering customers a wider range of options and meeting carrier submission quotas more easily.
Tarmika’s integration feature allows seamless data flow back into the AMS, aiding documentation and quote comparison. It supports BOPs, Commercial Packages, Workers’ Compensation, Commercial Auto, General Liability, Cyber, and Professional Liability quotes. With a growing list of 35 carriers, Tarmika integrates with platforms like Applied Epic, AgencyZoom, Better Agency, DONNA, EZLynx, Thimble, and Neon, further enhancing its utility.
Key Features:
- Aggregated Questionnaires: Simplifies the data gathering, ensuring only essential information is captured.
- Data Pre-Fill: Eliminates repetitive data entry, saving time and reducing errors.
- Underwriting Intelligence Integration: Seamlessly uploads relevant information, speeding up the quoting process.
- Carrier Quote Options: Offers bindable quotes from carriers aligned with the risk profile.
- Dynamic Carrier Appetite Matching: Automatically updates to reflect the latest carrier preferences, reducing the need for manual checks.
- Extensive Market Access: Increases the number of markets approached, providing more options for customers.
- AMS Integration: Facilitates data flow back to Agency Management Systems (AMS) for easy documentation and comparison.
- Diverse Product Range: Supports many products including BOPs, Workers’ Compensation, Commercial Auto, and more.
- Growing Carrier Network: Features a growing list of 35 carriers.
- Multiple Integrations: Compatible with platforms like Applied Epic, AgencyZoom, and others.
Final Thoughts:
Tarmika offers a powerful solution for insurance agents focused on small commercial lines, enhancing their ability to effectively service clients. As the platform continues to evolve, its potential to transform the small commercial quoting process is significant.
* Unbiased review based upon information and insights available.
Tarmika Product FAQ
At Tarmika, we love what we do, we’re passionate and we care. Our team comes to work everyday to solve a major problem in every independent insurance agency: wasted time! Our goal is to help your agency work better, save time and most importantly, increase efficiencies to help you write more business.
Company Name
Tarmika
Product Name
Tarmika Bridge
Provide an overview of your premium comparison systems solution. What should agency and broker professionals understand as they consider how your solution could serve their needs?
Tarmika Bridge is a single-entry rating platform for small business commercial quoting, designed for the independent agent. The Tarmika Bridge helps agents expand distribution channels, gain new business, and provide enhanced customer experience.
Please list available features of the system. What makes your platform unique?
Tarmika uses API technology which allows users to enter their quoting data in the Tarmika Bridge and submit to multiple carriers at once. Quote responses are returned from the carriers in 60 seconds or less. Tarmika has API integrations with over 30 carriers, across 8 lines of commercial insurance.
What type of platform does your system run on?
Web Browser
How much does your service cost? Please break this down between initial setup and training and monthly and/or annual maintenance fees.
The standard cost for an agency is $300/month for 3 users. Each additional user is $35/month per user. There are not currently any initial set-up, training, or annual fees. Discounts are available for some cluster associations.
Is your platform available through state associations or other endorsement programs? If so, please list and describe.
No
What lines of business do you offer in your platform?
Business Owners Policy, General Liability, Package, Workers Compensation, Cyber Liability, Commercial Auto, Professional Liability, and Excess & Surplus
What is your inventory? List insurance companies whose rates are available through your system or whose rating website can you access (if specific company rates are available only in certain states or for certain lines, please note that). A URL to your website with details would probably work best:
Our list of Carriers and available lines of business can be found here. Please note that this is a list of our carriers who are live on the platform and have opted into being displayed on our site. For a full list of carriers, including in progress carriers and additional products, please reach out to us.
Please list the state(s) where premium quotes are available for your system. If limited lines or companies are available in certain states, please note that:
We can quote in all states which our carrier’s support. Currently, we do not have carrier availability in Hawaii or Alaska.
Does your system pre-fill data from outside databases? If yes, what data is available?
–
Available data for prefill:
–
Can your system go directly to ACORD forms and prefill data?
Tarmika has AMS and CRM integrations where users can pass the first few pages of data to Tarmika to pre-fill the quote flow.
Does your system have the capability of importing schedules (vehicles, location) to prefill fields? Is there a maximum number?
No
Maximum number of items on schedules to import:
–
Are class codes built in?
Tarmika partners with AskKodiak for a classification provider. Agents can search for a business classification in the interactive search bar and we map these business classifications to the classifications used by each carrier.
Are quotes bindable at the time of quote being generated?
–
Can the agent email a proposal from within the system to their client?
Yes. Some carriers have the capability to download a PDF quote proposal in Tarmika. We have also created a comparative PDF of all the quote responses. Both can be downloaded within our system then sent via email to the client outside of Tarmika.
Do you provide a coverage comparison between companies?
No. We display the quote responses per line of business and the carrier can leave a message on if there are any additional endorsements or limitations to the price. When an agent opts into adding an Umbrella policy via Tarmika, we differentiate this on the quote response page.
Do you allow real time consumer facing quoting?
Yes. We have a real time consumer facing product, Tarmika Tunnel. Tarmika Tunnel is the embedded commercial insurance product providing agencies with a consumer facing tool that is connected to their comparative rating solution, Tarmika Bridge. It returns real-time rates from API-integrated carrier markets and displays them within the user interface (UI) to the consumer.
Do you offer a customer facing portal?
No, we do not have a customer facing portal; however, Tarmika Tunnel is our embedded customer facing solution. Tarmika Tunnel is the embedded commercial insurance product providing agencies with a consumer facing tool that is connected to their comparative rating solution, Tarmika Bridge. It returns real-time rates from API-integrated carrier markets and displays them within the user interface (UI) to the consumer. The agency is then responsible for working with the consumer to finalize the policy.
Do you offer a single application?
–
Do you offer insurance company submission management?
–
Describe insurance company submission management:
–
Do you offer application bundling?
Yes. Users can select to quote multiple lines of business within a single flow to further eliminate duplicate entry across multiline quoting.
Does your platform integrate with any agency management systems? If so, please describe which vendor and system and the type of integration provided:
Yes
Integrations available:
Tarmika has AMS integrations with Applied Epic and EZLynx. This allows for data to be passed from the AMS into Tarmika to prefill the quote flow. We are in the process of building out capabilities to push the quote response data back into the AMS.
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