(Image credit: The Digital Way.)
RT ProExec, a division of RT Specialty (Chicago) and wholesale distributor of specialty insurance products and services, has partnered with ClarionDoor (Santa Barbara) to enable the launch of a new insurance product that expands the scope of cyber coverage the insurer is able to place for businesses.
“Navigating the sea of changing cyber risk is an important role for dedicated wholesale products,” comments David Lazzaroni, SVP, professional and executive liability, RT ProExec. “The islands of protection and expert brand response are critical to protect a company’s balance sheet in the event of a cyber hurricane.”
ClarionDoor’s Digital Distribution Suite (CD Digital Distribution Suite) provides what the vendor characterizes as modern rate/quote/bind, issuance, and forms management functionality, which helps property/casualty insurance distributors rapidly improve speed-to-market, enhance the customer experience, and optimize distribution channels.
“It’s exciting when our clients deliver entirely new products into the market,” says Michael DeGusta, CEO at ClarionDoor. “Although cyber security has been around for about 20 years, the impact today is broader than ever before—it affects us all. Being chosen by RT Specialty reinforces that our products and technology are meeting the ever-growing needs of the insurance industry.”