News Release - Relay Launches Next Generation Digital Quoting Solution

May 3, 2022 Cyber, Insurance

News Release - Relay Launches Next Generation Digital Quoting Solution

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Go live with a Cyber insurance quoting platform in under 72 hours with Relay Fit

New York, NY – May 3, 2022Relay Platform (Relay), an innovative provider of solutions which enable the digital transformation of commercial insurance placements, is pleased to announce the launch of the company’s next generation agent and broker API solution, Relay Cyber Fit for Retail Agents and Brokers. 

Many agents and brokers are required to provide a cyber quote with every other commercial insurance policy or face errors and omissions (E&O) exposure and underinsured customers. This additional requirement, along with the rapidly evolving cyber market, has made it impossible for agents and brokers to stay up-to-date until now. Relay Cyber Fit equips agents and brokers with multiple markets, including direct appointments from Corvus Insurance to access its Wingman CyberTM product (subject to territory restrictions), access to multiple markets via INSUREtrust, and additional points of entry via other preferred Relay wholesale partners. 

Relay Cyber Fit grants agents and brokers access to the sleek Relay Cyber placement interface, data exports, NAICS code recommendations, dynamic quote comparison, and management dashboard. Efficiencies continue to be delivered through Relay’s well-established automated PDF proposals, API (automated) quotes, and ability to drive quotes from the agent or broker's landing page with Relay Cyber Affinity. Additionally, Relay Cyber Fit users have access to the Relay Risk Academy Education Portal — equipping agents and brokers with the tools and resources to efficiently increase business and protect customers.

“Agents and brokers spend a lot of time chasing quotes,” said Greg Boutin, Relay CEO and Reactions Magazine’s Innovator of the Year. “With a tightening environment and rising insurance rates this year, clients are often asking for more price comparisons than usual. A minute spent by a broker re-keying information to secure new quotes is a minute they cannot use to prospect or build relationships with clients. Relay Cyber Fit is built to solve that problem so agents and brokers can start quoting almost instantly with digitized carriers — you simply ask, ‘Do you want cyber with that?’”

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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. They fill a unified application form, use the application to collect quotes instantly or through an enhanced email process, and create proposals automatically. Relay shines with Cyber Insurance, but also supports many other lines such as Management Liability, Terrorism, High Net Worth Clients, and others. It even supports Facultative Reinsurance. Relay is active in the US and Canada, with many leading brokerages using it to place more business, faster and better. Visit us at relayplatform.com to schedule a demo.

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