Tokio Marine HCC launches tech E&O on dealer portal

Tokio Marine HCC – Cyber & Skilled Traces Group (CPLG), a subsidiary of Tokio Marine HCC primarily based in Houston, Texas, has launched expertise errors and omissions (tech E&O) protection, often known as TechGuard, on its dealer portal.

The platform goals to supply brokers with a extra environment friendly course of for quoting and binding tech E&O insurance policies.

The digital platform permits brokers to cite tech E&O insurance policies extra rapidly and bind them extra effectively. The device is designed to scale back time spent on administrative duties, enabling brokers to focus extra on enterprise improvement and consumer relationships.

Michael Palotay (pictured above), president of Tokio Marine HCC – Cyber & Skilled Traces Group, stated that the launch of tech E&O on the Dealer Portal aligns with the corporate’s digital transformation technique.

“We all know that brokers worth effectivity, and this new characteristic makes the quoting and binding course of for tech E&O enterprise quicker and extra intuitive. By providing a seamless digital expertise, we’re enabling brokers to maneuver rapidly in a extremely aggressive market,” Palotay stated.

The brand new tech E&O functionality on the CPLG Dealer Portal permits brokers to handle accounts extra successfully, together with self-attestation on the time of binding for quick approvals. If a submission requires extra overview, the portal routinely routes it to an underwriter to attenuate delays.

Kelly Bailey, director of cyber product and expertise innovation at Tokio Marine HCC – Cyber & Skilled Traces Group, stated that the aim has at all times been to supply brokers with instruments that simplify their duties and drive development.

“With the addition of tech E&O to our Dealer Portal, brokers can take pleasure in a streamlined expertise that eliminates the back-and-forth whereas delivering swift, correct quotes. This device frees up time for brokers to focus on high-value, complicated accounts, with out sacrificing velocity or high quality for smaller tech purchasers,” Bailey stated.

The portal additionally permits brokers to handle accounts originating outdoors of the platform by importing related paperwork, akin to purposes and subjectivities, that are then routed to an underwriter for overview.

What are your ideas on this story? Please be at liberty to share your feedback beneath.