Cyber Insurance Blog

Don’t Get Left Behind. Insurance Distribution Is Changing.

Don’t Get Left Behind. Insurance Distribution Is Changing.

Save Time and Get Better Commissions with the ProWriters Method

If you’re a broker or agent, you know how frustrating trying to get a cyber insurance quote can be. Multiply that by several quotes for multiple clients, and it can seem unending. That’s why ProWriters has developed a better way. Spend less time comparing quotes and get more commission by using ProWriters as your managing general underwriter and taking advantage of our innovative Cyber IQ Comparative Rate Portal.

Use ProWriters to Save Valuable Time

Business owners and individuals alike are beginning to understand the importance of having cyber insurance. But even with this understanding, finding the right coverage can be a time consuming and frustrating process.

The traditional process of having clients fill out an application is already challenging, even for short applications. And whether a broker or agent decides to go through their direct markets or through a wholesaler, it can take days or weeks to obtain and compare quotes. ProWriters has identified the challenges associated with both of these methods and created a system to save you valuable time.

For brokers and agents who go directly to their markets, they either find themselves waiting on terms or entering data into a carrier or managing general agent platform, which can take 15 minutes or more. Then they need to wait for the quotes to come in and perform a comparison, which is one of the most time-consuming parts of the process. It is not uncommon for the entire process to take days or even longer.

An agent or broker who uses a wholesaler can also face challenges. After sending in the application, the agent or broker waits while the wholesaler either forwards the application to their markets or enters the data into multiple carrier platforms. The wholesaler will typically wait several days before they get quotes. Eventually, the agent or broker will get these quotes back. After this, they may still have to do their own comparison to find the best coverage.

Using ProWriters as your managing general agent (MGU) cuts down your wait time significantly. In addition to the many benefits of using an MGU, we offer our innovative Cyber IQ Comparative Rate Portal. Here’s what you can expect when you use the ProWriters portal:

  • Entering your data takes less than one minute
  • Receiving multiple quotes happens instantly
  • Comparing quotes is easy with a user-friendly interface
  • Getting the information you need is guaranteed, as we also email you all of the quotes you requested along with a comprehensive coverage comparison

Enter your data, find your quotes, and get your comparison. It’s that simple. With the ProWriters Cyber IQ Comparative Rate Portal, comparing carriers has never been faster. And saving this time is crucial because brokers and agents need to offer cyber coverage to all of their clients to protect their own E&O. We make it easy so you can spend less time waiting and more time doing what you do best.

Get Higher Commissions and More Expertise

ProWriters is committed to providing better commissions for our brokers and agents.

Brokers or agents who use a wholesaler often see their net commissions reduced significantly. For instance, it is not uncommon for a broker to see their commission reduced from 15% down to 10%.

At ProWriters, we offer commissions starting at 15%. We increase your commission from there based on the volume of clients you have. It’s one of the ways we’re committed to providing excellent support for our brokers and agents every step of the way.

When you work with ProWriters, you get even more than our Cyber IQ Comparative Rate Portal. In addition to saving you time and money, we offer invaluable expertise to all of our agents and brokers. By serving as a point of expertise, we can answer your questions and any questions your client has. Our expertise comes in part from our strong relationships with carriers, and we’ve built these relationships over the years so we can leverage them for you and your clients.

Turn to ProWriters and get multiple quotes from top markets backed by experts. To see for yourself what ProWriters can do for you, try our portal or speak with an expert today.

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