The Work Index by Flexa

Bold Penguin

Bold Penguin is a leading insurance technology company dedicated to simplifying small commercial insurance.

6.8

/10

Transparency ranking

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Description

Bold Penguin is an insurance technology company that simplifies the process of obtaining commercial insurance for small and medium-sized businesses. Founded in 2016 by insurance agents, the company provides a suite of digital solutions designed to streamline the quote and bind process for all stakeholders, including agents, brokers, carriers, and channel partners. Their integrated platform, which includes the Terminal, Exchange, Storefront, and Analytics, aims to increase efficiency, reduce costs, and improve overall outcomes for the entire insurance ecosystem.

Bold Penguin's commitment to innovation is evident in their award-winning workplace culture and their continuous development of new technologies. They have a strong focus on fostering a collaborative and engaging environment for their employees, which has earned them recognition as a Most Loved Workplace. Their dedication to simplifying the insurance process and empowering their customers has made Bold Penguin a leading player in the InsurTech space.

Flexibility

Bold Penguin offers a hybrid work environment, allowing most employees to work remotely and flexibly. While some positions require a specific location, including the Columbus, OH, headquarters, others can be based in one of seven designated “icebergs” across the country. The company encourages collaboration and in-person celebration through events such as Penguin Tank and Penguin Palooza think-tank sessions, tailgate parties, and happy hours.

Hybrid

Benefits

Bold Penguin provides a comprehensive benefits package that includes full health coverage, a generous and fully vested 401(k) match, paid parental leave, and generous PTO and paid holidays. Their health plan covers 50% of HDHP medical premiums and 100% of dental, vision, basic life insurance/AD&D, and disability insurance. Additionally, they offer fully funded Health Reimbursement Accounts (HRAs) and supplemental insurance options, as well as an Employee Assistance Program (EAP) and voluntary benefits such as Flexible Spending Accounts (FSAs) and commuter/transportation reimbursements.

Enhanced parental leave
WFA scheme

Mission

Bold Penguin is a leading insurance technology company dedicated to simplifying commercial insurance for small and medium-sized businesses. They achieve this by providing an integrated suite of digital solutions, including a commercial insurance quoting platform, a prospect marketplace, a digital storefront, and analytics tools, that streamline the quote-and-bind process, connect agents with carriers, and empower agents to find the right coverage for their customers.

Automation
Data-driven
Disruptor

Culture

Bold Penguin fosters a culture of innovation and collaboration, encouraging its employees to think outside the box and contribute to the company's mission of simplifying commercial insurance. The company prioritizes employee engagement through various initiatives like pitch competitions, RV road trips, and Employee Resource Groups, creating a fun and inclusive work environment. Bold Penguin embraces remote work and flexibility, allowing employees to work from home or choose from one of their designated "icebergs" across the country, while still fostering a strong sense of community through in-person gatherings and celebrations.

Agile and dynamic
Collaborative
Engaging
Entrepreneurial
Fast-paced
Fun
People-first
Progressive
Supportive

DE&I

Bold Penguin is committed to fostering a diverse and inclusive workplace culture where all employees feel empowered to innovate. They have a nationwide engagement initiative, the Drive Of The Penguins (DotP), that focuses on commonality and relationship building. They have also launched a DE&I program to foster a diverse, inclusive workplace and established five Employee Resource Groups (ERGs).

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