Relay Platform has introduced that it has introduced a brand new electronic quoting resolution for agents and brokers having a look to protected control legal responsibility insurance policies.
The brand new Relay Control Legal responsibility (ML) API resolution permits retail brokers and wholesale agents to generate quotes close to immediately and bind ML insurance policies. This resolution used to be made conceivable thru an immediate API integration with the insurer Counterpart Insurance coverage.
Counterpart Insurance coverage is among the first ML suppliers to make use of proprietary knowledge and state-of-the-art era based on mounting agreement and criminal bills, a commentary stated.
In line with a liberate, the ML resolution will reinforce control legal responsibility coverages together with employment practices legal responsibility insurance coverage (EPL), administrators & officials insurance coverage (D&O), and fiduciary legal responsibility insurance coverage.
“At Relay, we attempt for subject material differentiation on all ranges of our product providing,” stated Relay Platform leader insurance coverage officer Anne Hasenstab. “A key element of that is figuring out provider companions led by way of most sensible notch business professionals subsidized by way of financially sound capability and a product suite this is each intuitive and cutting edge. Counterpart encapsulates all portions of this triad.”
Relay Platform used to be obtained by way of the San Francisco-based insurtech At-Bay remaining August. Following the purchase, Relay persevered to serve agents and companions as an unbiased entity, whilst At-Bay received get admission to to Relay’s devoted dealer platform and API.
Supply By way of https://www.insurancebusinessmag.com/us/information/breaking-news/relay-platform-rolls-out-new-digital-quoting-solution-436408.aspx