Company Name: Bold Penguin, Inc.
Industry Sector: Financial Services
Company Profile: 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.
Company Website: www.boldpenguin.com
- Type of Project: Expansion
- Jobs committed: 162
- Jobs retained: 78
- Types of jobs: Positions include software development, data science, and customer service positions.
Bold Penguin sought to increase its market share and innovate the insurance space by investing in the digital development and acceleration of its products, services, and customer support capabilities. The cost and availability of talent are important factors in where the company will grow its footprint.
Bold Penguin plans to grow its workforce in Columbus where the talent is abundant and affordable.
Ohio is a hub for insurtech innovation and it starts with the state’s leadership in insurance and financial services. Ohio ranks No. 4 in the U.S. in number of insurance headquarters and No. 3 for bank headquarters. Columbus, Cleveland, and Cincinnati are top cities for millennial talent with many nationally recognized universities supplying a pipeline of qualified talent that costs 11.5% less than national average.
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