By offering a centralized platform that links international cyber insurers with U.S. distributors, Zywave hopes to meet the rising demand for cyber insurance through Cyber Quoting.

This creative technique offers useful insights regarding coverage submission and selection while streamlining the data collecting process.

In response to the difficulties in obtaining suitable cyber insurance coverages in a world growing more digitally connected, Cyber Quoting was introduced.

Cyber insurance is becoming a vital part of risk mitigation strategies for companies of all sizes as cyber losses keep rising.

Chief Product Officer of Zywave Eric Rentsch stated, "Cyber insurance has become a vital component of risk mitigation strategy for the majority of businesses—large and small—as cyber losses continue to climb. Even though cyber insurance is highly sought after, getting the right coverages can still be difficult.

One of the main problems for clients and cyber insurance brokers is laborious, time-consuming data acquisition. Zywave's Cyber Quoting solution eliminates guessing and increases efficiency throughout the insurance distribution chain by gathering feedback through an easy-to-use, standardized questionnaire.

Cyber insurers and distributors can benefit from increased market access and a greater range of coverage alternatives provided by Cyber Quoting.

The platform allows insurers and distributors to create new cyber insurance products, speed up distribution, and adjust to changing market conditions by promoting smooth communication and cooperation.

"Expanding our distribution network through Cyber Quoting with Zywave allows our programs to be available to an expansive network of distributors," said Rick Welsh, CEO of Killara Cyber. With a simplified and user-friendly platform, these partners can now discover, bind, and provide top cyber insurance coverage for their clients with ease.

Zywave's dedication to promoting innovation in insurance distribution is further demonstrated with the launch of Cyber Quoting.

Zywave, the industry leader in digital quoting solution enablement, keeps empowering clients with state-of-the-art technology that boosts happiness, maximizes productivity, and improves communication.