Relay Platform, a prominent multi-carrier placement platform for commercial insurance, has recently introduced a new feature that aims to streamline the process of explaining complex cyber insurance terms to insurance agents and brokers. The functionality leverages the power of Artificial Intelligence (AI) to equip agents and brokers with the necessary tools to overcome one of the most significant challenges they face when selling cyber and specialty insurance – understanding and communicating complex insurance terms and concepts to their clients.
The new functionality, powered by AI, enables agents and brokers to explain cyber insurance terms in a simplified, clear, and concise manner, making it easier for clients to understand and answer application questions. This is a significant advancement in the insurance industry, as it removes one of the biggest hurdles that agents and brokers face when selling cyber insurance to clients. By making the language of cyber insurance more accessible, the Relay Platform is empowering agents and brokers to sell more effectively and efficiently, ultimately benefiting both the agents and their clients.
With the increasing prevalence of cyber attacks, cyber insurance has become a critical component of businesses’ insurance coverage. However, cyber insurance can be complicated, and many business owners struggle to understand the nuances of the coverage. The Relay Platform’s new AI-powered functionality simplifies complex terms and concepts, making it easier for business owners to understand what they’re buying and feel confident in their insurance decisions.
The introduction of this new functionality further cements Relay Platform’s position as a leader in the insurtech industry. The company has been at the forefront of developing cutting-edge technologies that empower agents and brokers to sell insurance more effectively. The Relay Platform’s dedication to innovation has resulted in the creation of a platform that simplifies insurance placement, improves efficiency, and enhances the customer experience.
the launch of the Relay Platform’s AI-powered functionality is a significant step forward for the insurance industry. By simplifying complex cyber insurance terms, the Relay Platform is making it easier for agents and brokers to sell cyber insurance, ultimately benefiting their clients. As the insurance industry continues to evolve, the Relay Platform is poised to remain at the forefront, leveraging the latest technologies to provide innovative solutions to its customers.