News Release - Relay Unveils Latest AI Setting New Benchmarks in Cyber Insurance Workflow Optimization

Mar 5, 2024 Insurance, Insurtech

News Release - Relay Unveils Latest AI Setting New Benchmarks in Cyber Insurance Workflow Optimization

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New York, NY - March 5, 2024 - Relay Platform (Relay), a leading broker quoting platform for Cyber insurance, announced today the launch of Quotie™, the evolution of the innovative insurtech’s AI functionality. With this powerful feature, agents and brokers can transact business via Quotie™ directly in their email inbox, without switching from mailbox to portal. 

Quotie™ is the latest AI breakthrough from Relay Platform, designed to streamline operations for retail and wholesale brokers alike. With a dedicated, AI-powered email inbox for broker submissions, brokers now have the power to effortlessly submit or forward requests to Quotie™ to quote in seconds, 5 times faster than the traditional portal quoting process per our pilot users.

Powered by GenerativeAI, Quotie™ gathers and augments submission information from any application attached or directly from email. With Quotie™, brokers can quickly validate price and coverage with minimal effort using Relay, empowering them to swiftly compare quotes from multiple carriers for new businesses and renewal, helping them secure the best deal in record time. No more tedious searches or second-guessing – Quotie™ delivers the same Relay efficient speed and accuracy, right to your inbox.

"Cyber insurance is an increasingly important component of the insurance industry, as almost all businesses rely on technology to operate their businesses," said Edmund Lo, Head of Product & Engineering. "Recognizing the challenges of change management from traditional email workflow to quote in portal, Quotie's™ email-centric approach offers a seamless transition while eliminating the frustrations of keeping track of multiple credentials and navigating multiple portals."

Relay is expanding on the flagship AI functionality which simplifies complex cyber insurance terms for insurance agents and brokers and equips them to overcome one of the biggest problems they face when trying to sell Cyber and specialty insurance: understanding and explaining complex insurance terms and concepts to their clients. The beta version of Quotie™ is available immediately to all insurance agents and brokers who use the company's platform, which is designed to help them place Cyber insurance.

Relay leads the market in user experience with its sleek placement interface, data exports, NAICS code recommendations, dynamic quote comparison, and management dashboard. Efficiencies continue to be delivered through Relay’s well-established API (automated) quote and automated PDF proposals. Relay users continue to have access to the Relay Risk Academy Education Portal — equipping agents and brokers with even more tools and resources to efficiently increase business and protect customers.


Media Contact

Bianca Ruffini, Marketing Manager 

About Relay

Relay is built for both wholesale brokers and retail 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. Forward-looking agencies and brokerages in North America use Relay to place more business, faster and better.

Contact for more information.

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