News Release - Relay Adds Business Owner Policies to Its Cyber and Management Liability Quoting Platform

E-Placement of Small Commercial BOP Now Available via the Relay Platform

New York, NY - March 21, 2023 - Relay Platform (Relay), an innovative provider of solutions which enable the digital transformation of commercial insurance submissions, is pleased to announce the immediate availability of a new e-placement product for quoting and binding in seconds of business owners’ policy (BOP) business, Relay BOP. Relay will provide quotes from a range of established carriers and MGAs.

The launch of Relay BOP increases the competitive edge for modern agents and brokers by digitizing the placement of property and casualty (P&C) insurance. ​Several brokerages using Relay have indicated process efficiencies of 50% or more, and the ability to unlock additional business, allowing them to focus on what they do best, and attract new clients.

Launching on the heels of the success of Relay’s other e-placement products, including Cyber and Management Liability, Relay BOP grants agents and brokers access to the same sleek Relay placement interface, NAICS code recommendations, dynamic quote comparison and management dashboard. Efficiencies continue to be delivered through Relay’s well-established automated PDF proposals and API quotes. 

“Agents are getting Platform fatigue from having to jump from one carrier’s platform to the next. It's incredibly time consuming,” comments Karen Redfern, Vice President of Small Commercial at Relay. “Quoting and remarketing in seconds ensures speed-to-market for not only agents and brokers, but business owners as well. By enabling agents and brokers to receive and compare multiple quotes, generate, and update Relay’s Smart Customer Proposals™ dynamically and easily, Relay streamlines the process to make selling Small Commercial policies more profitable.”

For more information on Relay’s new BOP product, please visit www.relayplatform.com or email alix@relayplatform.com.

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About Relay

Relay is built for both modern and traditional brokers and agents. It equips them with a friendly interface to easily add specialty lines to their client proposals. Relay lets agencies and brokerages quickly add Cyber Insurance to any quote, and also supports Management Liability and Small Commercial/BOP. Forward-looking agencies and brokerages in North America use Relay to place more business, faster and better.

Contact alix@relayplatform.com for more information.