#United States #Phoenix #Zurich North America #Cowbell #mShift

Millennial Shift Technologies Collaborates with Cowbell and Zurich North America

In a significant move for the insurance industry, Millennial Shift Technologies, also known as mShift, has announced a groundbreaking partnership with Cowbell and Zurich North America. This collaboration aims to streamline the access and delivery of Zurich Select Plus executive risk coverage, specifically designed for small and medium-sized enterprises (SMEs), via the mShift platform. This innovative initiative marks a pivotal step towards creating a more connected and efficient insurance ecosystem.

A New Era of Executive Risk Coverage

The integration features Zurich Select Plus, a modular management liability product that brokers can now easily access through the mShift platform. Thanks to Cowbell's cutting-edge underwriting technology, brokers are empowered to quote and issue management liability protection in mere minutes, all within the familiar workflow used for cyber insurance submissions. This improvement is designed to boost efficiency and simplify the process for brokers who cater to SMEs.

Zurich Select Plus encompasses four key coverage options:
1. Private Management Company Liability
2. Employment Practices Third-Party Discrimination Liability
3. Fiduciary Liability
4. Crime

These options can be tailored and combined to suit the unique requirements of each client. The appeal of this product lies in its simplified underwriting process, which not only speeds up the quoting to policy issuance timeline but also comes with the reassurance of Zurich's stellar ratings from A.M. Best and Standard & Poor’s, reflecting the security and reliability of the coverage offered.

Benefits for Brokers

The advantages of utilizing this newly accessible Zurich product via mShift are significant for brokers:

• - Instant Appetite Quoting: Brokers can retrieve quotes for Zurich Select Plus directly in the mShift platform, enhanced by Cowbell's insightful risk data.
• - One Submission, Multiple Markets: A single digital application can be submitted to various participating carriers, retaining the broker’s record status throughout the process.
• - End-to-End Transparency: Brokers can monitor the progress of submissions, execute policy bindings digitally, and keep direct communication with underwriters.
• - Consistent User Experience: Brokers enjoy a familiar interface, reducing the learning curve and manual workload when managing cyber placements.

Voices from Leadership

Mark Meury, CEO of Millennial Shift Technologies, expressed enthusiasm about this collaboration, stating, "This collaboration with Cowbell and Zurich brings us closer to a smarter, more connected insurance ecosystem. By integrating Zurich Select Plus into the mShift platform, we are streamlining transactions and fundamentally transforming how executive-risk coverage is approached and experienced in the market."

Jeff Ritchie, Senior Director of Digital Distribution at Cowbell, also emphasized the significance of this partnership by saying, "At Cowbell, we are dedicated to simplifying the way brokers access coverage. This collaboration with Zurich through our technology facilitates a fast and seamless experience for placing executive risk insurance for SMEs."

About the Companies Involved

Millennial Shift Technologies (mShift) serves as a foundational layer for the modern insurance landscape, facilitating rapid submission, quoting, and digital placements across both cyber and specialty lines.

Cowbell is recognized as a pioneer in Adaptive Cyber Insurance, blending different forms of coverage into an AI-driven platform tailored for businesses with revenues up to $1 billion across the U.S. and the U.K. Their goal is to provide swift policy issuance and continuous risk assessment to ensure clients stay protected.

Zurich North America is part of the global Zurich Insurance Group, renowned for its diverse insurance solutions and robust support structures. Their executive-risk offerings are consistently backed by high ratings from esteemed financial organizations.

This newly established partnership promises to enhance the insurance experience, making it easier for brokers to manage and place executive-risk products, ultimately benefitting SMEs across various sectors.