Tokio Marine HCC launches tech E&O on dealer portal

Tokio Marine HCC – Cyber & Skilled Strains Group (CPLG), a subsidiary of Tokio Marine HCC primarily based in Houston, Texas, has launched expertise errors and omissions (tech E&O) protection, also referred to 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 software is designed to scale back time spent on administrative duties, enabling brokers to focus extra on enterprise growth and consumer relationships.

Michael Palotay (pictured above), president of Tokio Marine HCC – Cyber & Skilled Strains 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 sooner 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 rapid approvals. If a submission requires extra evaluation, the portal routinely routes it to an underwriter to reduce delays.

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

“With the addition of tech E&O to our Dealer Portal, brokers can get pleasure from a streamlined expertise that eliminates the back-and-forth whereas delivering swift, correct quotes. This software frees up time for brokers to focus on high-value, advanced accounts, with out sacrificing velocity or high quality for smaller tech shoppers,” 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 evaluation.

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