Insurance marketplace Sayata, has announced the addition of At-Bay’s Admitted Cyber insurance onto its platform. The partnership, offers brokers and their retail agents an affordable admitted option for cyber coverage serving small and medium businesses (SMBs).
According to reports, the distribution platform also “gives another cyber insurance option to wholesale brokers with At-Bay’s admitted cyber coverage.”
Sayata has a robust market position because it delivers rapid growth to insurance brokers and carriers that cater to small and medium businesses.
The Sayata platform also streamlines the once-manual process of finding and securing business coverage, allowing insurance professionals to sell more insurance policies in a fraction of the time. Sayata provides an end-to-end technological solution along with educational tools.
The partnership with At-Bay’s Admitted Cyber solutions, gives brokers an easy way to place admitted risks with a simple application and fast approvals, all at an affordable price point for the at-risk SMB market. Executives say the new admitted option is ideal for small businesses that want affordable coverage and insurance. The cyber coverage is available in 48 states and Washington DC.
Admitted Cyber insurance is also the fourth admitted offering on the Sayata platform and the ninth cyber insurance option overall.
At-Bay’s cyber insurance solutions for SMBs
Speaking about the new partnership, Upasana Unni, Chief Commercial Officer at Sayata, said: “At-Bay’s Admitted Cyber product offers a much-needed option for smaller businesses, delivering full coverage from cyber risks and peace of mind. It complements the other available options on Sayata as we strive to offer the best of the market in an easy-to-use platform for brokers and their retail partners.”
Kristie Felton, Head of Partnerships at At-Bay, added, “Sayata and At-Bay make it easy for brokers to quote and bind cyber insurance for SMBs. We’re thrilled to offer our new Admitted Cyber product on their platform, specifically designed for small businesses with up to $25M in revenue with limits up to $1M.“
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.
