The Baldwin Group Introduces API-Connected Underwriting Platform Cyber Navigator
June 05 2024 - 9:00AM
Business Wire
The Baldwin Group and digital commercial
brokerage firm Limit announce a strategic collaboration to launch
Cyber Navigator - The Baldwin Group’s first in-house digital
placement platform
The Baldwin Group, the go-to-market brand name for The Baldwin
Insurance Group, Inc. (“Baldwin” or the “Company”) (NASDAQ: BWIN),
an independent insurance distribution firm delivering tailored
solutions to a wide range of personal and commercial clients, today
announced the launch of Cyber Navigator - its Application Program
Interface (API)-connected placement platform.
Cyber Navigator revolutionizes the process for procuring cyber
insurance with its elevated technology capabilities. Participating
business insurance buyers will be able to complete a dynamic,
collaborative, digital application that connects instantly via API
to underwriting platforms. Quote options are available within
minutes with bespoke coverage including state-of-the-art
enhancements. The platform also provides a competitive cost
analysis and comparison of terms and conditions.
“Companies can no longer afford to endure a drawn-out process to
obtain coverage for their riskiest exposure. Cyber risk is at the
forefront of any executive’s mind across all industry classes and
company sizes,” said Dan Galbraith, President, The Baldwin Group
and CEO, Retail Brokerage Operations. “The Baldwin Group now has a
speedy solution to place best-in-class coverage with proven, clear
and concise options. Cyber Navigator provides executives with
reliable insurance solutions that support easier submission and
quick quoting capabilities that other brokers can’t offer.”
Cyber Navigator is powered through a collaboration with Limit, a
market-leading digital commercial brokerage and software provider.
The hallmark of this technology is the access it provides to
reputable cyber insurance company partners. The Baldwin Group
already has relationships in place with six carriers at its launch
including Beazley Insurance Company, CFC, Chubb, Corvus, Cowbell,
and Tokio Marine HCC.
“Cyber Navigator allows us to provide cyber insurance in a
revolutionary manner,” said Emily Selck, Senior Director, National
Cyber Practice Leader, Cyber Center of Excellence, The Baldwin
Group. “Gone are the days when clients feel powerless in their
management of cyber risk. Not only do they have easy access to
comprehensive insurance solutions, they are able to do so with ease
in the application process and the security of excellent insurance
carrier partners. We are very excited to collaborate with Limit and
these carriers to build upon these critical solutions.”
For more information about The Baldwin Group’s Cyber Center of
Excellence visit:
https://baldwin.com/business-insurance/solutions/cyber/
ABOUT THE BALDWIN GROUP
The Baldwin Group, the go-to-market brand name for The Baldwin
Insurance Group, Inc. (NASDAQ: BWIN) and its affiliates, is an
independent insurance distribution firm providing indispensable
expertise and insights that strive to give our Clients the
confidence to pursue their purpose, passion and dreams. As a team
of dedicated entrepreneurs and insurance professionals, we have
come together to help protect the possible for our Clients. We do
this by delivering bespoke Client solutions, services, and
innovation through our comprehensive and tailored approach to risk
management, insurance, and employee benefits. We support our
Clients, Colleagues, Insurance Company Partners, and communities
through the deployment of vanguard resources and capital to drive
our organic and inorganic growth. The Baldwin Group proudly
represents more than two million Clients across the United States
and internationally. For more information, please visit
https://baldwin.com/.
ABOUT LIMIT
Limit is the one-stop-shop wholesale brokerage for commercial
insurance. Limit’s Bridge platform enables brokers to instantly
apply, quote, compare, and bind with their directly appointed
carriers. Additionally, brokers can access 50+ markets through
Limit's expert wholesale division with the click of a button. Limit
focuses on cyber, management, and professional liability lines of
insurance for its thousands of broker customers. Together, The
Baldwin Group and Limit will be pushing the limits of commercial
insurance.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain various “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, which represent Baldwin’s expectations or
beliefs concerning future events. Forward-looking statements are
statements other than historical facts and may include statements
that address Baldwin’s future operating, financial or business
performance or Baldwin’s strategies or expectations. In some cases,
you can identify these statements by forward-looking words such as
“may,” “might,” “will,” “should,” “expects,” “plans,”
“anticipates,” “believes,” “estimates,” “predicts,” “projects,”
“potential,” “outlook” or “continue,” or the negative of these
terms or other comparable terminology. Forward-looking statements
are based on management’s current expectations and beliefs and
involve significant risks and uncertainties that could cause actual
results, developments and business decisions to differ materially
from those contemplated by these statements.
Factors that could cause actual results or performance to differ
from the expectations expressed or implied in such forward-looking
statements include, but are not limited to, those described under
the caption “Risk Factors” in Baldwin’s Annual Report on Form 10-K
for the year ended December 31, 2023 and in Baldwin’s other filings
with the U.S. Securities and Exchange Commission (the “SEC”), which
are available free of charge on the SEC's website at: www.sec.gov,
including those risks and other factors relevant to Baldwin’s
business, financial condition and results of operations. Should one
or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated. All forward-looking statements and
all subsequent written and oral forward-looking statements
attributable to Baldwin or to persons acting on Baldwin’s behalf
are expressly qualified in their entirety by reference to these
risks and uncertainties. You should not place undue reliance on
forward-looking statements. Forward-looking statements speak only
as of the date they are made, and Baldwin does not undertake any
obligation to update them in light of new information, future
developments or otherwise, except as may be required under
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240605641342/en/
MEDIA RELATIONS Anna Rozenich, Senior Director,
Enterprise Communications The Baldwin Group (630) 561-5907 |
anna.rozenich@baldwin.com INVESTOR RELATIONS Bonnie Bishop,
Executive Director, Investor Relations The Baldwin Group (813)
259-8032 | IR@baldwin.com
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