Tokio Marine HCC launches tech E&O on dealer portal

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

The platform goals to offer 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 shortly and bind them extra effectively. The software is designed to cut back time spent on administrative duties, enabling brokers to focus extra on enterprise growth and shopper 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 function 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 shortly 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 further evaluate, 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 purpose has at all times been to offer brokers with instruments that simplify their duties and drive progress.

“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 software frees up time for brokers to focus on high-value, complicated accounts, with out sacrificing pace 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, similar to functions and subjectivities, that are then routed to an underwriter for evaluate.

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