Approved in 47 states, At-Bay’s admitted policies will be sold exclusively through its growing partner network and will help cater to the insurance and security needs of today’s small businesses.
“Our new admitted cyber insurance product allows us to better serve small businesses — which face just as much digital risk as their larger counterparts — with affordable cyber coverage,” said Kristie Felton, Head of Digital Partnerships at At-Bay. “Releasing this new offering solely through our digital API partners aligns with our mission as a digital-first specialty carrier.”
At-Bay will offer admitted cyber policies written through an AM Best A- rated paper backer. Like At-Bay’s surplus cyber offering, admitted cyber policyholders will have access to At-Bay’s complimentary Security Report and our Active Risk Monitoring services, supported by At-Bay’s in-house Security team*. Additionally, At-Bay admitted policyholders will have access to the same world-class Claims team and the same preferred cyber response providers offered to our surplus policyholders.
“At-Bay’s admitted cyber offering will be an impactful addition to our broker toolkit,” said Tom Parsons, Head of Digital Strategy for Amwins. “At-Bay is on the leading edge of digital insurance, both in helping manage cyber risk for its clients with Active Risk Monitoring and in the ease, speed, and flexibility of its API distribution.”
Partners who have integrated At-Bay’s other API offerings will see reduced integration times thanks to the shared architecture across products and the modular design ensures a seamless quoting experience across any partner environment. Automated quoting capability generates bindable quotes in less than 30 seconds for a policy with limits of up to $1 million for businesses up to $25 million in revenue.
Source: Yahoo Finance
