New York, NY – August 10, 2021 – Relay Platform (Relay), an innovative provider of solutions that enable the digital transformation of commercial insurance and reinsurance submissions, is pleased to welcome Cowbell Cyber to their fast-growing suite of carriers, Managed General Agents (MGAs) and reinsurers offering instant quotes through Relay. With Cowbell Prime 100 available on the Relay Platform, agents and brokers can offer instant quotes and best serve all clients for cyber coverage.
Relay is designed to facilitate the transition to data-first insurance placements, instant quoting, and superior broker-cedent connectivity to markets. Relay allows insurance brokers and agents to visualize coverage options for their clients, make well-informed recommendations, and benefit from automated steps to present proposals to clients, overall increasing closing rates and simplifying renewals.
“The digital integration between Relay and Cowbell helps us fulfill our mission to make standalone cyber coverage accessible to all, including small and mid-size businesses”, says Erin Dyer, strategic account manager, at Cowbell Cyber“ Relay’s digital approach augments our ability to distribute relevant and customized cyber policies at speed.”
Through Relay, Cowbell provides clients with a cyber policy that is tailored to the unique risk exposures of their organization. Cowbell Prime 100 is Cowbell’s standalone, admitted cyber insurance program designed for businesses with up to $100 Million in revenue. Cowbell Prime delivers financial protection and coverage for a wide range of cyber incidents including network incidents, email scams, ransomware attacks, cybercrime, social engineering, and more. Cowbell Prime policies give policyholders access to numerous resources to improve their risk profile, including risk assessment, cybersecurity awareness training for employees, and access to risk engineering services.
“Relay I5 is attracting brokers, carriers and MGA-MGUs for its unique ability to unify questionnaires, handle both simple and complex placements, secure and combine quotes both electronically and manually, and assemble both a Competitive Differentiation Table and a Smart Client Proposal that converts more business,” says Edmund Lo, Head of Product & Engineering at Relay.
Both Cowbell Cyber and Relay Platform have been recognized by the insurance industry for bringing innovations to the market and are currently nominated by Insurance Insiders for the Disruptor of the Year Award.