The Baldwin Group has unveiled Cyber Navigator – its Application Program Interface (API)-connected cyber insurance placement platform.
According to the announcement, business insurance buyers will be able to complete a digital application to receive quotes within minutes.
As well as this, the platform also provides a competitive cost analysis and comparison of terms and conditions.
From what we understand, Cyber Navigator is powered through a collaboration with Limit, a digital commercial brokerage and software provider.
So far, six cyber insurance providers are already on the platform, including major firms such as Beazley, CFC, Chubb, Corvus, Cowbell, and Tokio Marine HCC.
Dan Galbraith, President, The Baldwin Group and CEO, Retail Brokerage Operations, commented: “Companies can no longer afford to endure a drawn-out process to obtain coverage for their riskiest exposure. Cyber risk is at the forefront of any executive’s mind across all industry classes and company sizes.
“The Baldwin Group now has a speedy solution to place best-in-class coverage with proven, clear and concise options. Cyber Navigator provides executives with reliable insurance solutions that support easier submission and quick quoting capabilities that other brokers can’t offer.”
Emily Selck, Senior Director, National Cyber Practice Leader, Cyber Center of Excellence, The Baldwin Group, said: “Cyber Navigator allows us to provide cyber insurance in a revolutionary manner. Gone are the days when clients feel powerless in their management of cyber risk. Not only do they have easy access to comprehensive insurance solutions, they are able to do so with ease in the application process and the security of excellent insurance carrier partners. We are very excited to collaborate with Limit and these carriers to build upon these critical solutions.”
