In a move to enhance its digital offerings, RT Specialty, the wholesale distribution division of the global insurance firm Ryan Specialty Group, announced the addition of cyber liability insurance coverage to its digital platform, RT Connector. This addition broadens RT Connector’s capabilities, making it a notable digital platform for bindable Excess & Surplus (E&S) solutions in the insurance industry.
RT Connector allows retail insurance agents to access a variety of coverage options from multiple carriers, simplifying the application process for E&S small commercial businesses. With cyber liability insurance now included, the platform covers an expanded range of commercial lines, such as General Liability, Property, Commercial Package, Excess Liability, and Workers’ Compensation. This expansion reflects RT Specialty’s aim to meet the market’s growing needs, particularly in the area of cyber risk management.
The platform’s automated process, from obtaining bindable quotes to policy issuance with a click, sets a new industry standard. RT Connector also includes online payment options and premium financing through Stetson Insurance Funding, a premium finance company within the Ryan Specialty family.
RT Specialty’s enhancement of its digital offerings, including future launches of other management and professional liability products, as well as Commercial Auto products for small trucking and transportation risks, reflects its commitment to providing comprehensive insurance solutions.
Source: RT Specialty Adds Cyber Liability to Its Proprietary Digital Platform, RT Connector.
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