Semsee Expands Cyber Products Adding New Insurers to Platform
Semsee, where agents go to quote small commercial risks and renewals, has added At-Bay and Coalition to its platform expanding access to standalone cyber insurance products and the ability to add cyber from agents’ standard carriers. They join Cowbell, the first cyber insurer tapped by Semsee, to create a suite of cyber coverages that can be quoted using Semsee’s single form submission process.
Cyber coverage is a growing area for agents and insurers. Semsee’s platform is streamlining the buying process for businesses, enabling agents to capitalize on the market opportunity. Using Semsee, they can easily obtain a cyber quote while getting quotes for other small business coverages, including BOP (Business Owners Policies) and General Liability.
“Small businesses are increasingly becoming targets for cyber criminals, and they need coverage. But cyber policies have been a difficult and complicated sale for many agencies. We’re enabling agencies to add cyber coverage to other coverages quickly, easily, and effectively,” explained Philip Charles-Pierre, CEO, Semsee.
Semsee’s platform now offers a variety of cyber options. Coalition’s Active Insurance integrated approach combines industry-leading proactive cybersecurity tools and support, access to around-the-clock claims response, and comprehensive insurance coverage to help organizations identify and mitigate digital risk before it strikes. At-Bay offers bindable surplus cyber quotes in seconds via API with robust first and third party coverages along with Active Risk Monitoring to help businesses stay secure. The join the ranks of Cowbell whose standalone, admitted, and surplus cyber insurance programs serve enterprises with up to $250 million in annual revenue and are bundled with risk engineering that empower policyholders to improve their cyber risk profile and minimize cyber incidents.
“Cyber insurance is quickly becoming imperative for all businesses. Agencies need to make sure their clients are protected, especially with recovery costs reaching tens or hundreds of thousands of dollars,” explained Charles-Pierre. “At Semsee, we understand what it takes to educate clients on a new coverage. It’s important to provide information and options. We are excited to be adding digitally enabled providers Coalition and At-Bay to our platform, alongside with Cowbell. There’s a real opportunity to expedite the sales process so agents have more time to advise their customers.”