Propeller Inc., an InsurTech managing general agency specializing in surety bonds, signed an agreement with SIAA, an alliance of independent insurance agencies in the U.S., to serve as a surety partner to its member agencies through the SIAA MarketFinder portal.

The partnership focuses on delivering Propeller’s proprietary, white-labeled (URL) technology to agents and brokers, allowing the surety bond process to become fully automated from application to billing and issuance.

Propeller onboards agents in minutes for free, with no premium requirements. This equips agents with technology, market access, and expertise. The SIAA and Propeller Bonds rollout commenced on July 13, 2022.

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XDimensional Technologies (XDTI) announced a partnership with ePayPolicy, a payments platform for the insurance industry.

ePayPolicy will be integrated with the Nexsure Insurance Platform, enabling XDTI customers to access payment processing capabilities.

ePayPolicy provides a service that allows carriers, retail agencies, managing general agents, and wholesale brokers to utilize electronic payments, with the aim of reducing the number of paper checks they process while also simplifying their accounting reconciliation with automated data entry.

Since its founding in 2014, ePayPolicy has provided E&S-focused services to more than 5,000 customers, processing more than $1 billion in payments monthly. XDTI develops and markets the Nexsure Insurance Platform, a comprehensive insurance processing and distribution service.

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SolCyber, a Forgepoint Capital company and modern MSSP for the midmarket, announced a partnership with Converge, an emerging cyber insurance provider.

The partnership helps small and mid-sized organizations improve their security posture and decrease business risk with a more efficient application process, enhanced coverage, and premium savings of up to 30 percent.

With the new offering, organizations are able to reach a foundational level of cybersecurity covering nine controls that will demonstrate their reduced exposure. In addition, SolCyber is one of the inaugural members of Marsh’s Cybersecurity Marketplace Services offering. Marsh’s Cybersecurity Marketplace Services is an extension of the brokerage model to cybersecurity, providing objective advice from a curated shortlist of vendors for companies to choose from that match their particular risks and cyber maturity objectives. The vendors are pre-screened by Marsh’s cybersecurity specialists for effectiveness, ease of administration, alignment with industry frameworks, and compliance requirements, ease-of-use, technology, interoperability, and price point.

Sources: Propeller, XDimensional Technologies, SolCyber