Pathpoint, a digital excess and surplus lines insurance broker, said it is offering a new capability to independent retail agents: access to multiple cyber insurance quotes from through a single online application containing only 9 underwriting questions.
The new product allows agents to generate multiple cyber quotes with just nine underwriting questions from international carriers, including surplus lines markets that aren’t traditionally accessible to retailers. It uses a single standardized online application and question set.
“Agents were telling us that quoting cyber is a top priority for them in 2021, especially with the increased risks their clients face from remote working,” said Bobby Touran, co-founder and CEO of Pathpoint.
Pathpoint, which launched last October, serves as the surplus lines agent and handling all servicing and compliance on the back-end.
The broker does not identify the cyber underwriters by name. Carriers cited in the Pathpoint website for all of its products include Beazley, Brit, Hiscox, Westchester, Crum & Forster, Zurich and others.
Pathpoint’s cyber capabilities represent the first in a series of business lines to be optimized and released throughout 2021 on the Pathpoint platform, according to Touran.
As a surplus lines brokerage licensed across the U.S. and a coverholder at Lloyd’s of London, Pathpoint distributes admitted and non-admitted products across multiple lines of business to U.S.-based retail agents.
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