Relay Platform has announced that it has launched a new digital quoting solution for brokers and agents looking to secure management liability policies.
The new Relay Management Liability (ML) API solution enables retail agents and wholesale brokers to generate quotes near instantly and bind ML policies. This solution was made possible through a direct API integration with the insurer Counterpart Insurance.
Counterpart Insurance is one of the first ML providers to use proprietary data and cutting-edge technology in response to mounting settlement and legal expenses, a statement said.
According to a release, the ML solution will support management liability coverages including employment practices liability insurance (EPL), directors & officers insurance (D&O), and fiduciary liability insurance.
“At Relay, we strive for material differentiation on all levels of our product offering,” said Relay Platform chief insurance officer Anne Hasenstab. “A key component of this is identifying carrier partners led by top notch industry experts backed by financially sound capacity and a product suite that is both intuitive and innovative. Counterpart encapsulates all parts of this triad.”
Relay Platform was acquired by the San Francisco-based insurtech At-Bay last August. Following the acquisition, Relay continued to serve brokers and partners as an independent entity, while At-Bay gained access to Relay’s dedicated broker platform.
At-Bay was awarded as one of the winners for the top insurtech companies. See the full list of winners here.
