#United States #Phoenix #HSB #Millennial Shift #TotalCyber

Collaboration Enhances Access to Cyber Insurance

In a significant move to improve digital access to cybersecurity coverage, Millennial Shift Technologies (commonly known as mShift) has officially joined forces with HSB, a prominent part of Munich Re. This collaboration enables the instant availability of HSB's TotalCyber™ product on the mShift platform, marking a pivotal step in modernizing the insurance landscape.

Streamlining Insurance Processes

This integration not only enhances the efficiency of insurance submissions but also solidifies mShift's position as the backbone of specialty-line workflows in the insurance industry. HSB TotalCyber offers a comprehensive package including first- and third-party coverage, proactive risk management tools, and breach-response services specifically tailored for small and medium-sized enterprises (SMEs). This is crucial as these businesses often face unique challenges in navigating the complexities of cyber threats.

Through the mShift platform, brokers can now quote and initiate policies swiftly, allowing for rapid transactions that capitalize on embedded eligibility checks, data pre-fill functionalities, and appetite alignment. All of these features are efficiently packaged in a single submission workflow, which eliminates the daunting task of manual data re-entry, facilitating a faster route to securing coverage.

Quotes from Industry Leaders

Dan Law, the Head of Cyber at HSB, expressed enthusiasm about the partnership, asserting that it provides clients with easier access to critical cyber coverages. “We are excited to partner with mShift to bring our admitted cyber capabilities, and soon our non-admitted capabilities, to their digital platform, enabling our clients greater access to critical cyber coverages with ease,” Law stated.

Mark Meury, CEO of Millennial Shift Technologies, also commented on this collaboration, describing it as a step forward in realizing the vision for a more connected and smarter insurance ecosystem. He reflects, “By bringing HSB TotalCyber onto the mShift Platform, we're not just streamlining transactions — we're helping redefine how cyber insurance is accessed, delivered, and experienced across the market.”

Enhanced Benefits for Brokers and Agents

The collaboration is designed to empower brokers and agents with direct digital access to leading cyber carriers, all without navigating away from the mShift workflow. Among the various benefits, brokers can preserve their broker-of-record status and maintain existing underwriter relationships, which is vital for business continuity.

Moreover, with the elimination of manual data entry, brokers can upload or send applications once and rely on the platform to manage the rest. This capability allows agents to monitor client application progress and status in real time, minimizing cumbersome follow-ups via email. As a result, requests are processed more swiftly, with a significant portion completed within 24 to 48 hours, ensuring that clearing-team support is available when necessary.

About Millennial Shift Technologies

Millennial Shift Technologies, mShift, serves as the foundational layer for the modern insurance internet. Its platform is recognized as the leading digital solution for cyber insurance submissions and market access, facilitating connections between brokers, Managing General Agents (MGAs), and carriers with enhanced speed and precision.

About HSB

HSB is a multi-line specialty insurer recognized for its innovative approach to delivering cyber insurance, particularly aimed at small businesses. By merging insurance expertise with engineering and technology-driven solutions, HSB proactively supports clients in managing risk and recovering efficiently from incidents. The company's reputation for reliability is underscored by its A.M. Best Company rating of A++ (Superior), highlighting its long-standing commitment to client service and risk mitigation.

This partnership between millennial-driven innovation and invaluable insurance expertise signals a new era of accessibility and efficiency in the field of cyber insurance. As the digital landscape continues to evolve, initiatives like this will undoubtedly help businesses adapt and safeguard their operations against increasing cyber risks.