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Through this innovative platform, brokers can now quote Tech E&O faster and bind more efficiently than ever before. This enhanced digital tool dramatically reduces the time spent on administrative tasks, allowing brokers to focus on building relationships and expanding their business.
“Launching Tech E&O on our Broker Portal is another step forward in our digital transformation strategy,” said Michael Palotay, President of Tokio Marine HCC - Cyber & Professional Lines Group. “We know that brokers value efficiency, and this new feature makes the quoting and binding process for Tech E&O business faster and more intuitive. By offering a seamless digital experience, we’re enabling brokers to move quickly in a highly competitive market.”
CPLG Broker Portal’s Tech E&O capability allows brokers to manage accounts with ease, giving them the ability to self-attest at the time of binding for instant approvals. In cases where additional review is required, the portal automatically directs submissions to an underwriter, ensuring minimal delays.
“Our goal has always been to provide brokers with cutting-edge tools that simplify their work and drive growth,” said Kelly Bailey, Director of Cyber Product & Technology Innovation at Tokio Marine HCC – Cyber & Professional Lines Group. “With the addition of Tech E&O to our Broker Portal, brokers can enjoy a streamlined experience that eliminates the back-and-forth while delivering swift, accurate quotes. This tool frees up time for brokers to concentrate on high-value, complex accounts, without sacrificing speed or quality for smaller tech clients.”
The Broker Portal also allows brokers to handle accounts originating outside the platform. Brokers can upload relevant documents, such as applications and subjectivities, which are then routed directly to an underwriter for review. This flexibility, combined with the platform’s automated features, maximizes productivity for both brokers and underwriters.
The addition of Tech E&O to the Broker Portal reflects CPLG’s commitment to leveraging technology to enhance the broker experience while continuing to offer comprehensive, top-tier coverage in the cyber and professional liability space.
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About Tokio Marine HCC – Cyber & Professional Lines Group
Tokio Marine HCC – Cyber & Professional Lines Group, doing business as NAS Insurance Services, LLC with the CA license #0677191, is headquartered in Encino, CA and is a member of the Tokio Marine HCC group of companies based in Houston, Texas. For more information about Tokio Marine HCC – Cyber & Professional Lines Group, please visit www.tmhcc.com/pro.
About Tokio Marine HCC
Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $73 billion as of June 30, 2024. Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Continental Europe. Tokio Marine HCC’s major domestic insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings, ‘A++’ (Superior) from A.M. Best, and ‘AA-’ (Very Strong) from Fitch Ratings; its major international insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings. Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company. For more information about Tokio Marine HCC, please visit www.tokiomarinehcc.com
Contact:
Desiree Khoury
Senior Vice President, Marketing & Business Development
Tokio Marine HCC – Cyber & Professional Lines Group
[email protected]
