For Immediate Release
For Further Information:
Stefan Petrella, SPetrella@starshep.com
Starkweather & Shepley Utilizes Cutting-Edge Technology to Simplify the Insurance Process
Providence, Rhode Island, September 2024 — Starkweather & Shepley, the largest independent insurance agency in Rhode Island and the 61st largest insurance brokerage firm in the United States, today announced the implementation of an AI-driven platform that utilizes cutting-edge technology to provide intuitive tools that enhance underwriter risk selection and streamline the insurance procurement process.
For registered investment advisors, securing management and professional liability insurance can be a time-consuming process, full of multi-page forms and long turnaround times. Starkweather & Shepley will now be able to streamline this process by using an artificial intelligence-backed software to pre-populate insurance applications and underwriting worksheets using extensive data and a proprietary algorithm.
“Our clients’ feedback has been instrumental in shaping our approach and guiding our decision to utilize cutting-edge technology to facilitate the insurance process,” said Jessica Thayer, Senior Vice President and Financial Institutions Practice Leader at Starkweather & Shepley. “We understand the complexities that our clients face with insurance applications. By introducing this innovative solution, we are taking a significant step toward provide as stress-free an experience as possible for our clients.”
By utilizing the AI-driven software, Starkweather & Shepley is significantly improving the once complicated insurance process. Clients no longer have to work through multi-page applications and wait long periods of time for their insurance program options.
“Our goal is to simplify the insurance journey,” Thayer continued. “We want to ensure that our clients can focus on what matters most without the burdensome complexities of traditional applications.”
For more on Starkweather & Shepley and the services offered by the Financial Institutions Risk Solutions group, please contact Stefan Petrella at spetrella@starshep.com.
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About Starkweather & Shepley Insurance Brokerage, Inc.
Established in 1879, Starkweather & Shepley is the largest independent insurance agency in Rhode Island and the 61st largest insurance brokerage firm in the United States. Consistently ranked among the Top 10 Best Places to Work in Insurance by Business Insurance Magazine, the firm provides comprehensive insurance solutions for a variety of industries, including commercial and personal insurance, health and employee benefits, and surety bonding and risk management services, nationally and internationally through the firm’s partnership with Assurex Global. Starkweather & Shepley has been held in Trust since 1935, ensuring that the firm will remain privately held in perpetuity, providing certainty and continuity for clients and associates alike. Starkweather & Shepley is headquartered in East Providence, RI, with additional offices in Providence, Middletown, and Westerly, RI; Bristol and Shelton, CT; Sturbridge and Martha’s Vineyard, MA, and Palm Beach Gardens and Naples, FL. For more information, visit starshep.com.
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