#United States #Phoenix #Cyber Insurance #Millennial Shift #AmTrust

Millennial Shift Technologies Partners with AmTrust

Millennial Shift Technologies, also known as mShifttech, has recently announced a strategic partnership with AmTrust Financial Services, Inc., a prominent global insurance provider. This collaboration aims to enhance the services offered to small businesses through the mShift Marketplace, an innovative digital platform designed to connect insurance carriers directly with agents and small business owners.

Simplifying Access to Cyber Insurance

The key feature of this partnership is the introduction of AmTrust's cyber insurance products to the mShift Marketplace. This offering is particularly significant given the increasing vulnerability of small businesses to cyber threats. Mark Meury, the Founder and CEO of mShift, stated, "mShift was built to modernize how brokers and small businesses access coverage. Adding the AmTrust Cyber product to the mShift Marketplace enables brokers to deliver quotes and bind policies in minutes, not days, which lays the groundwork for a broader suite of small-commercial offerings."

The digital marketplace is designed to facilitate a seamless experience for brokers and small business owners. With the cyber insurance product now integrated into the platform, those needing coverage can obtain quotes and bind policies quickly, thereby saving valuable time and streamlining the process significantly.

Meeting the Rising Demand for Cyber Coverage

As the demand for cyber insurance continues to surge, especially among small businesses, this partnership could not have come at a better time. Michelle Ingrassia, Senior Vice President of AmTrust's cyber team, pointed out that small enterprises are especially at risk of cyberattacks and data breaches. She remarked, "Partnering with mShift allows us to meet small businesses where they operate—online—and deliver essential cyber protection through a seamless digital experience."

The ability to quickly respond to the coverage needs of small businesses through a modern platform reflects a significant shift in the insurance industry. The partnership not only addresses the immediate need for cyber protection but also lays the foundation for further product offerings tailored to meet the unique challenges faced by small businesses today.

About mShift Technologies

Millennial Shift Technologies is taking significant steps towards reaching their mission of simplifying the insurance distribution process. The mShift Marketplace leverages automation and application programming interfaces (APIs) to enhance the efficiency of the insurance quoting and binding process. Founded by Mark Meury, a seasoned technologist based in Phoenix with over two decades of experience, mShift is dedicated to making specialty coverage more accessible than ever.

About AmTrust Financial Services

AmTrust Financial Services, Inc., is a multinational insurance holding company headquartered in New York. Known for offering a variety of specialty property and casualty insurance products, AmTrust delivers solutions that include workers' compensation, business owners policy (BOP), general liability, and of course, cyber insurance. Through their innovative approach and commitment to security, they are well-positioned to serve the needs of today’s small businesses.

In conclusion, the collaboration between Millennial Shift Technologies and AmTrust is not only a strategic business move but a necessary leap towards addressing the pressing needs of small enterprises in today's digital landscape. As cyber threats grow ever more persistent, the need for robust insurance solutions is paramount, and this partnership is set to deliver just that.