In a revolutionary move that is poised to revolutionize the insurance industry, Embroker has partnered with Millennial Shift Technologies (MShift) to unveil a game-changing automated Excess Technology Errors and Omissions (Tech E&O) / Cyber insurance solution. This groundbreaking partnership, unveiled on June 10, 2024, signifies a major advancement in simplifying the insurance purchasing process for brokers and their clients.
Details of the Partnership:
– By automating the underwriting process for Excess Tech E&O / Cyber coverage, Embroker and MShift are addressing a longstanding challenge in the industry. The integration provides access to limits up to $5,000,000, with additional limits available, and offers true follow-form coverage that seamlessly aligns with the sub-limits of the primary layer.
– For brokers, this collaboration brings numerous advantages. The seamless integration with Embroker’s cutting-edge underwriting system enables automated quote generation, enhancing efficiency and reliability significantly. Brokers can now offer comprehensive coverage options to their clients more swiftly and accurately than ever before, saving time and enhancing client satisfaction through tailored solutions.
– This partnership highlights Embroker’s dedication to driving innovation in the commercial insurance field. By expanding our API capabilities, we are making our exclusive products available through a growing number of distribution channels. This strategic move aligns with our mission to simplify the insurance purchasing process through digital-first solutions.
Key Innovations of the Integration:
– This integration stands out for its ability to directly capture primary quote data via the MShift platform. This functionality allows brokers to promptly deliver precise Excess Tech E&O / Cyber insurance quotes, boosting both efficiency and client satisfaction. The system’s automatic matching of sub-limits ensures comprehensive protection without the need for manual adjustments.
Conclusion:
This partnership between Embroker and MShift sets a new standard for efficiency, accuracy, and client service in the insurance industry. By leveraging cutting-edge technology to streamline intricate processes, these companies are not only enhancing the day-to-day operations of insurance brokers but also improving the overall experience for clients. As the insurance landscape continues to evolve, partnerships like this will play a pivotal role in shaping a more efficient, responsive, and client-focused industry. Check out Embroker Access for more information on our partnership and our new API.
