CFC Introduces Innovative Quoting Solution for Cyber Insurance
CFC, a leading provider of insurance focused on emerging risks and particularly cyber threats, has unveiled a groundbreaking service designed to automate the quoting process for potentially thousands of policies at once.
This pioneering service, initially rolled out for CFC’s cyber insurance products, offers a revolutionary tool for UK brokers, allowing them to efficiently handle their entire portfolio of business with a single, streamlined process.
According to Pat Brice, Distribution Director at CFC, “Sending individual submissions on thousands of accounts requires significant resources from brokers who are often pressed for time.”
He further explained, “Our newly launched portfolio quoting service will not only liberate brokers to focus on more complex client demands and strengthen relationships but will also facilitate cross-selling of different products across their entire portfolio. We can even assist in transitioning master policies to individual insured policies.”
The service is designed to operate in three simple steps: brokers provide the necessary client information, CFC generates quotes for all eligible clients, and finally, brokers have the opportunity to review and bind the policies.
Brice also noted, “Our portfolio quoting service goes beyond eliminating the need for manual data input and tedious application forms; it opens up significant growth opportunities within existing business books, offering valuable new revenue streams for UK brokers.”
