At-Bay Launches New Admitted Cyber Insurance Product for Small Businesses

News Highlights

• Admitted cyber insurance policies and included active risk monitoring services now available to America’s smallest businesses facing growing risks online
• Available in 47 States, businesses with revenue up to $25M can get coverage through At-Bay’s admitted product
• Admitted cyber to be sold exclusively through partner network via API integration

At-Bay, the leading insurance provider for the digital age, today announced the launch of a new admitted cyber insurance product. Approved in 47 states, At-Bay’s admitted policies will be sold exclusively through its growing partner network and will help cater to the insurance and security needs of today’s small businesses.

“Our new admitted cyber insurance product allows us to better serve small businesses — which face just as much digital risk as their larger counterparts — with affordable cyber coverage,” said Kristie Felton, Head of Digital Partnerships at At-Bay. “Releasing this new offering solely through our digital API partners aligns with our mission as a digital-first specialty carrier.”

At-Bay will offer admitted cyber policies written through an AM Best A- rated paper backer. Like At-Bay’s surplus cyber offering, admitted cyber policyholders will have access to At-Bay’s complimentary Security Report and our Active Risk Monitoring services, supported by At-Bay’s in-house Security team*. Additionally, At-Bay admitted policyholders will have access to the same world-class Claims team and the same preferred cyber response providers offered to our surplus policyholders.

“At-Bay’s admitted cyber offering will be an impactful addition to our broker toolkit,” said Tom Parsons, Head of Digital Strategy for Amwins. “At-Bay is on the leading edge of digital insurance, both in helping manage cyber risk for its clients with Active Risk Monitoring and in the ease, speed, and flexibility of its API distribution.”

Partners who have integrated At-Bay’s other API offerings will see reduced integration times thanks to the shared architecture across products and the modular design ensures a seamless quoting experience across any partner environment. Automated quoting capability generates bindable quotes in less than 30 seconds for a policy with limits of up to $1 million for businesses up to $25 million in revenue.

At-Bay API Advantages for Platform Managers

• Proprietary REST API is modular in design, making it fast to deploy and easy to maintain.
• Multiple endpoints and insurance options offer flexible deployment.
• Seamless integration makes it easy to build workflows and select marketplace limits.
• Modular workflow supports quoting, requoting, binding, generating documents, and issuing policies.
• End-to-end user journey allows partners and customers to quote, bind, and have the policy issued, all over the API.

At-Bay Admitted Cyber Product Advantages for Partnership Managers

• Accessible and affordable coverage for a wider range of small businesses.
• Policies available to businesses with a revenue of up to $25 million with a unique web domain. Businesses with no unique web domain can still receive quotes if they have less than $5 million in revenue.
• Automated quoting capability improves the turnaround time on quotes considerably. For quotes up to $1 million in limits, users can start an application and get a bindable quote in less than two minutes.

For more information on At-Bay and to contact our Partnerships team, click here or email us at partnerships@at-bay.com.

*Unique web domain required for Security Report and Active Risk Monitoring services.

About At-Bay

At-Bay is the insurance provider for the digital age. By combining world-class technology with industry-leading insurance expertise, At-Bay was designed from the ground up to empower businesses to thrive in the digital world. At-Bay is backed by Acrew Capital, Glilot Capital, the HSB fund of Munich Re Ventures, Icon Ventures, ION Crossover Partners, Khosla Ventures, Lightspeed Venture Partners, M12, entrepreneur Shlomo Kramer, and Qumra Capital. www.at-bay.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230117005458/en/