Relay Platform has announced that Measured Analytics and Insurance (Measured Insurance) has joined its network of carriers, MGA-MGUs and reinsurers offering API connectivity.
The Relay platform is designed to facilitate the transition to data-first insurance placements, enable both email and API-based quoting, and connect brokers and insurers. It brings together carriers and MGA/MGU applications and sources capacity through both real-time and manual quotes to create a “Smart Client Proposal” for brokers.
Via Relay, Measured will be able to offer comprehensive cyber coverage and further bridge the gap between technology and insurance by utilizing AI-powered analytics, a release said. Measured tracks individual exposure in real-time, and then uses the information to develop smarter insurance products that "monitor, alert and suggest improvements” to help reduce insureds’ cyber exposures.
"Measured has proven to be a stable and reliable market in the cyber insurance industry, and
now brokers will be able to leverage our homegrown APIs to place our comprehensive cyber
insurance coverage more efficiently than ever before,” said senior vice president of underwriting at Measured, Zach Atya. “Furthermore, we are excited to enhance the Relay broker
experience by directly assisting prospective and current insureds in procuring cyber insurance
by leveraging our robust suite of cybersecurity tools.”
“We are extremely excited to add Measured Analytics and Insurance to the Relay Cyber
Platform,” said Relay Platform chief insurance officer Anne Hasenstab. “The Measured solution continues to champion the fact that cyber insurance is no longer just a contract for risk transfer, it is now an all-encompassing cyber risk management solution.”
Hasenstab added that the veteran team of Measured “brings decades of thought leadership into this new world of insurtech.”
Read more: Measured names new head of insurance
In May, Measured named Nick Little as head of insurance. He has over 13 years of experience in the cyber insurance space, most recently serving as vice president of cyber and technology at CRC Insurance Services.
