In an effort to ease the often cumbersome process of obtaining cyber insurance, The Baldwin Group announced the launch of Cyber Navigator, an API-connected placement platform, in collaboration with digital commercial brokerage firm Limit. This announcement marks Baldwin’s first in-house digital placement tool, streamlining the process for procuring cyber insurance.
Cyber Navigator’s advanced technology simplifies cyber insurance underwriting and procurement. Business insurance buyers can complete a digital application that connects instantly via API to underwriting platforms. Within minutes, users receive quote options with tailored coverage, including enhancements. The platform also provides a cost analysis and comparison of terms and conditions, ensuring efficient solutions.
“Companies can no longer afford a drawn-out process to obtain coverage for their riskiest exposure. Cyber risk is a primary concern for executives across all industries,” said Dan Galbraith, President of The Baldwin Group and CEO of Retail Brokerage Operations. “The Baldwin Group now offers a fast solution to place top-tier coverage with clear and concise options. Cyber Navigator provides reliable insurance solutions that support easier submission and quick quoting capabilities that other brokers can’t match.”
“Comprehensive Insurance Solutions”
Cyber Navigator, powered by Limit’s technology, provides access to reputable cyber insurance partners. They include Beazley Insurance Company, CFC, Chubb, Corvus, Cowbell, and Tokio Marine HCC. This collaboration ensures clients receive comprehensive and secure insurance solutions efficiently.
“Cyber Navigator allows us to provide cyber insurance in a new and effective manner,” said Emily Selck, Senior Director, National Cyber Practice Leader at The Baldwin Group. “Clients now have easy access to comprehensive insurance solutions with an efficient application process and the security of excellent insurance carrier partners. We are excited to collaborate with Limit and these carriers to build on these critical solutions.”
The Baldwin Group, branded as The Baldwin Insurance Group, Inc. (NASDAQ: BWIN), is an independent insurance distribution firm that provides guidance and insights to help clients pursue their goals. Limit is a wholesale brokerage for commercial insurance, providing a platform for brokers to apply, quote, compare, and bind with carriers.
Source: The Baldwin Group Introduces API-Connected Underwriting Platform Cyber Navigator.
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