Tokio Marine HCC – Cyber & Professional Lines Group (CPLG) has unveiled its latest offering for the insurance industry — the CPLG Broker Portal, designed to expedite the submission, quotation, and binding of accounts, particularly in the realm of cyber risk management.
The CPLG Broker Portal is an extension of the firm’s internal underwriting platform. Leveraging real-time cyber-risk data and proprietary technology, it provides brokers and underwriters with an efficient approach to streamline the quoting process.
By integrating this enhanced broker experience into its in-house platform, brokers gain additional capabilities, including automated scanning of an insured entity’s domain for potential exposures and vulnerabilities, along with immediate validation using AI.
Moreover, brokers can utilize this new proposition for accounts that did not originate on the portal. They can initiate an order and upload relevant documentation, such as the application, which will seamlessly proceed to an underwriter for review. This, in turn, reduces the need for additional communication.
Looking ahead, the company laid out its plans to introduce more tools within the Broker Portal, enhancing its functionality:
“We created the CPLG Broker Portal as a way to continue to deliver on our commitment to brokers, while we put a razor-sharp focus on the company’s digital priorities,” Tokio Marine HCC – CPLG president Michael Palotay said. “The CPLG Broker Portal cuts the cumbersome workflow for brokers and adds a layer of digital accuracy that’s unprecedented. Brokers can self-quote and bind cyber accounts on an intuitive portal that is as robust as it is flexible. We want to make doing business with us quick and convenient – an enormous time-saver trifecta for our brokers, customers, and underwriters.”
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