Columbus-Based Insurtech Company Bold Penguin Triples its Workforce, Creating 162 New Jobs
Columbus, Ohio – Bold Penguin, a Columbus, Ohio-based high-growth insurtech company changing the way small businesses obtain insurance, has announced plans to expand its workforce, creating 162 new jobs. Hiring for software development, data science and customer service positions will begin in mid-2021.
Bold Penguin’s headquarters is located at 100 East Broad Street in Columbus and this expansion, which more than doubles the company’s workforce to 240 full time employees, will support both the digital development and acceleration of its products, services and customer support capabilities.
“For a fast-growing technology company like Bold Penguin, Columbus provides both top talent as well as a forward-thinking innovation ecosystem to support our long-term growth strategy,” said Bold Penguin Chief Financial Officer Dan Gifford. “Since our inception here five years ago, the Columbus Region has allowed us to reach more customers nationwide as we continue to streamline the process to quote and bind small business insurance.”
Founded in 2016, Bold Penguin’s commercial insurance exchange platform simplifies the insurance process by allowing carriers, agencies, brokers and other parties to find small businesses insurance through one application process. Last year, the Bold Penguin Exchange resulted in over one million quote starts as digital adoption accelerated in the insurance industry.
“Bold Penguin’s mission to remove barriers for small businesses to succeed aligns with the supportive business culture you’ll find across the Columbus Region,” said City of Columbus Mayor Andrew J. Ginther. “We are thrilled that the homegrown company is continuing to expand in Columbus, one of the nation’s oldest and most innovative markets for insurance companies, utilizing our tech talent to service small businesses nationwide.”
Finance and insurance comprise the top private sector by economic output in the Columbus Region. Global banking institutions, national insurance and service providers and technology companies are changing the finance and insurance industries from the Region. Columbus is located in Franklin County, which is home to an estimated 1,310,300 residents.
“Bold Penguin is reimagining the insurance industry, a well-established sector that the Columbus Region and the state have a long history of transforming for the better,” said JobsOhio President and CEO J.P. Nauseef. “Insurance and insurtech are target industry sectors in Ohio, and this expansion is a testament to the strength of those industries and the talent available in the Region to meet the demands of a high-growth company.”
About Bold Penguin
Bold Penguin simplifies commercial insurance for everyone. Bold Penguin started out by building the world’s largest commercial insurance exchange, which has connected millions of small businesses to agents and underwriters. By leveraging the Bold Penguin technology, agents quoted over 1 million small businesses in 2020. Agents use the Bold Penguin terminal, complete one application, and receive multiple quotes back from a diverse carrier panel. Bold Penguin was founded in 2016 by a group of entrepreneurs who spent their early days as insurance agents working with carriers like Allstate, Nationwide and Progressive. For more details, please visit www.boldpenguin.com.
About the City of Columbus, Ohio
The City of Columbus is the 14th largest city in the United States with a population of 879,170 residents. The Columbus economy is balanced with a combination of education, technology, government, research, insurance and health care entities as major employers within the City. Columbus is gaining nationwide recognition for its booming downtown, historic neighborhoods, arts and sporting districts, open attitude and a noticeably affordable quality of life. Learn more about the City of Columbus at columbus.gov/development/Economic-Development.
JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio through Find Your Ohio. JobsOhio works with six regional partners across Ohio Dayton Development Coalition, Ohio Southeast, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow the company on LinkedIn, Twitter and Facebook.
About One Columbus
As the economic development organization for the 11-county Columbus Region, One Columbus’ mission is to lead a comprehensive regional growth strategy that develops and attracts the world’s most competitive companies, grows a highly adaptive workforce, prepares our communities for the future, and inspires corporate, academic and public innovation throughout the Columbus Region. One Columbus expertly guides companies through the location decision process. Through strategic business outreach and customized research, the One Columbus team leverages public, private and institutional partnerships to grow the Columbus Region’s economy and strengthen its national and international competitiveness. Funding is received from more than 300 private organizations, local governments, academic institutions and JobsOhio. Learn more at ColumbusRegion.com.
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