News Release - Sign Up & Get Quoting: Relay’s Latest Innovation Allows Brokers to Secure Cyber Quotes Without Broker Appointment Delays

Apr 27, 2023 Insurance, Insurtech

News Release - Sign Up & Get Quoting: Relay’s Latest Innovation Allows Brokers to Secure Cyber Quotes Without Broker Appointment Delays

colour-300x87

Brokers and agents can now get direct indications from cyber carriers as soon as they sign up with Relay Platform.

New York, NY - April 27, 2023 -  Innovative multi-carrier platform Relay has launched seamless onboarding to help wholesale brokers and retail agents scale their business. The platform now offers a quick and easy onboarding process that gets brokers from sign-up to receiving quotes from a selection of approved carriers in minutes, without the need for prior broker appointments.

The traditional process of onboarding and subsequently quoting with carriers can take weeks, which can be a major setback for those looking to quickly provide quotes to clients. Relay's latest innovation helps agencies and brokerages get non-binding quotes within minutes from select carriers before securing an appointment. 

"Few things are more frustrating for a broker than waiting days, or even weeks, to be appointed by a carrier before they can secure quotes for their clients," said Jim Smith, VP of Strategy & Partnerships at Relay. "That is especially true in the competitive Cyber Insurance space. This new feature solves that pain point."

Relay is designed to provide brokers and agents with a digitized quoting and placement platform that streamlines their business operations and enables them to scale their book of cyber insurance. It offers a range of benefits, including access to multiple carriers, a user-friendly interface, and a quick and easy onboarding process.

Brokers and agents will have access to the sleek Relay 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, and API (automated) quotes. Additionally, Relay Tech E&O users have access to the Relay Risk Academy Education Portal — equipping brokers and agents with the tools and resources to efficiently increase business and protect customers.

# # #

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.

Related Blog Posts

News Release - Relay Platform Named to Guidewire Insurtech Vanguards Program

Relay Selected For 2023 InsurTech100

Relay Platform recognized for the fourth consecutive year as one of world’s most innovative...

Relay is SOC 2 Compliant