ICAT's Changing the Game: New products and expanded online limits
ICAT’s Changing the Game: New products and expanded online limits
ICAT is revolutionizing the property insurance industry by leveraging technology to deliver comprehensive, cutting-edge solutions as a Managing General Underwriter (MGU). Through strategic expansion of online access, adjusted distribution strategy, and the introduction of innovative products, ICAT is setting new standards and reshaping the market landscape.
One of the most significant recent developments is ICAT’s expansion of online quoting limits for its Commercial CAT products. The online access limit has increased from $5 million to $25 million and removed clearance, enabling key partners to obtain quotes anytime, 24/7. This limited access offering is designed to balance superior risk selection and controlled distribution with increased market reach. Since implementing this change, ICAT has seen its quote volume double, demonstrating the effectiveness of this strategy.
Building Beyond CAT: A nationwide play
While expanding digital access to existing products, ICAT has recently rolled out new offerings designed to capture emerging market segments. Both products are property solutions offering nationwide coverage:
Victor Property Pro (VPP): Developed in partnership with Marsh's Qualified Solutions Group, this middle-market solution provides up to $100 million in capacity per location. The product targets organizations with substantial property portfolios seeking consistency across their insurance program while reducing administrative overhead—a proposition particularly attractive as corporate real estate strategies become more complex.
Investor-Owned Rental Portfolio Product: This solution addresses a pain point for property managers overseeing multiple single-family rentals. Rather than juggling separate policies for each property, managers can consolidate coverage under one policy—streamlining administration and potentially reducing costs for a growing class of institutional investors in residential real estate.
ICAT’s strategic moves underscore its position as a trailblazing leader in the property insurance market. By leveraging technology and innovative distribution strategies, ICAT is not just responding to market demands but actively shaping the future of property insurance.
All ICAT products are offered through A-rated carriers, including Victor Insurance Exchange—an innovative insurance company created by ICAT and Victor to deliver additional capacity and stronger insurance offerings for ICAT policyholders. Strong carrier backing ensures that ICAT’s solutions combine innovation with financial stability and reliability.
