Centralized distribution platform seamlessly
connects cyber insurers with distribution partners
MILWAUKEE, April 18,
2024 /PRNewswire/ -- Leading insurtech provider,
Zywave, today announced the launch of Cyber Quoting, the latest
addition to its comprehensive portfolio of quoting and proposal
solutions. The centralized quoting platform brings together global
cyber insurers and U.S. distributors, connecting them through a
simplified, transparent data collection process that provides key
insights into coverage submission and selection.
"As cyber losses continue to rise, cyber insurance has become a
critical component of risk mitigation plans for the majority of
businesses—large and small," said Eric
Rentsch, Zywave's Chief Product Officer. "While cyber
insurance is in high demand, securing the appropriate coverages
still can be a challenge."
"Tedious, time-consuming data collection is one of the biggest
pain points for cyber insurance brokers and their clients," Rentsch
added. "To make the process easier for all parties, Zywave's Cyber
Quoting solution collects input through a straightforward,
standardized questionnaire, resulting in less guesswork and greater
efficiency across the insurance distribution chain."
Both cyber insurers and distributors will benefit from the new
quoting platform with expanded market access and a broader
selection of coverage available. Connecting through Cyber Quoting
can help accelerate distribution, enabling insurers and
distributors to develop new cyber insurance products, adapt to
market changes, and stay ahead of emerging risks.
A seamless experience through Cyber Quoting allows insurers to
accurately present quotes faster and distributors to provide more
personalized services and options to their clients, ultimately
increasing overall satisfaction. Zywave already has a strong core
of cyber insurers and policies available on the quoting platform,
including prominent carriers Axis, At-Bay, Coalition, and Cowbell,
and are preparing for the imminent addition of industry leaders
Tokio Marine, Killara Cyber, and CFC.
"Expanding our distribution network through Cyber Quoting with
Zywave allows our programs to be available to an expansive network
of distributors," said Rick Welsh,
CEO of Killara Cyber. "These partners can now experience the
simplicity of finding, binding and issuing leading cyber insurance
coverage for their clients in a streamlined and easy-to-use
platform."
With the addition of Cyber Quoting, Zywave continues to expand
its industry-leading offering of quoting solutions. As the largest
digital enabler of quoting solutions on the market, Zywave's
connected platform is improving communication and maximizing
efficiency for customers on both sides of the market, for all lines
of business.
For more information on Zywave, visit www.zywave.com.
About Zywave
Zywave leads the insurtech industry, fueling business growth for
its partners with cloud-based sales management, client delivery,
content and analytics solutions. Zywave's all-in-one platform
provides customizable, user-friendly options that enable insurance
professionals to build a unique solution to fit their specific
growth goals—their own Modern RevOps Machine. More than 18,000
carriers, agencies and brokerages worldwide—including all of the
top 100 U.S. insurance brokerages—use Zywave solutions to enhance
client services, achieve business growth and promote greater
health, wellness, risk management and safety. Additional
information can be found at www.zywave.com.
Press contacts:
April
Larsen
april.larsen@zywave.com
+1 414-918-0547
Caitlin Haynes
caitlin.haynes@rein4ce.co.uk
+44 (0) 203 131 2474
+44 (0) 7568 572367
View original content to download
multimedia:https://www.prnewswire.com/news-releases/zywave-launches-new-cyber-quoting-solution-with-simplified-data-collection-302120232.html
SOURCE Zywave