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At-Bay Announce the Launch of New Admitted Cyber Insurance Product for Small Businesses

At-Bay | January 19, 2023 | Read time : 02:04 min

At-Bay, the leading insurance company for the digital age, announced that it is launching a new cyber insurance product for small businesses. At-Bay's admitted policies, approved in 47 states, will be sold solely through its expanding partner network and will assist small businesses with their insurance and security needs.

At-Bay will provide cyber insurance policies that have been approved by an AM Best A-rated paper backer. Like At-Bay's additional cyber offering, policyholders of admitted cyber will have access to At-Bay's complimentary Security Report and their active risk Monitoring services, which are backed by At-Bay's in-house Security team. Furthermore, policyholders from At-Bay will also have access to the same best-in-class Claims team and preferred cyber response providers that the surplus policyholders have.

Kristie Felton, Head of Digital Partnerships at At-Bay, said, "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." She also added, "Releasing this new offering solely through our digital API partners aligns with our mission as a digital-first specialty carrier."

Partners who have already integrated At-Bay's other API offerings will see shorter integration times because of the shared architecture across the products. In addition, the modular design makes sure that quoting works smoothly in any partner environment. Automated quoting capabilities create bindable quotes in less than 30 seconds for policies with limits of up to $1 million for companies with up to $25 million in revenue.

About At-Bay

Founded in 2016, At-Bay is a cyber insurance provider built from the ground up to assist businesses in dealing with digital risks. At-Bay combines industry-leading insurance with world-class technology to help clients face risks head-on. Through our partnerships with both brokers and business owners, the company offers cutting-edge insurance products and proactive risk monitoring services to organizations of all sizes and in all sectors. At-Bay is supported by Glilot Capital, Acrew Capital, the HSB fund of Munich Re Ventures, ION Crossover Partners, Icon Ventures, Khosla Ventures, M12, entrepreneur Shlomo Kramer, Lightspeed Venture Partners, and Qumra Capital.

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