Hub International Limited, announced the launch of HUB Multinational Protection, a risk management services and insurance product tailored to the evolving complex risk needs of multinational clients in all industries that operate in five countries or fewer.

HUB Multinational Protection’s coverage adapts to the compliance requirements that vary from country to country, whether clients have operations abroad or international exposures. It features a panel of carriers to provide tailored solutions that meet country-specific compliance requirements while aiming to reduce the total cost of risk.

Additionally, HUB provides boundaryless resources through its global broker network partners, ensuring operations across various countries. Clients gain access to in-country brokers, equipped with the local expertise required to navigate intricate compliance requirements specific to each region.

Headquartered in Chicago, Illinois, Hub International Limited is a full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.

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CoverForce, an independent API delivering instant quotes and one-click binding from insurance carriers, announced the addition of cyber insurance to its API toolkit.

Cyber is the latest to join a range of commercial line products available on the CoverForce API, which includes workers’ compensation, business owner’s policy, general liability, and inland marine.

As part of the CoverForce API toolkit, agents and brokers can expect end-to-end capabilities with an appetite guide, multi-carrier submissions, bindable quotes, proposal documents, options to instant bind and pay, and issuance from insurance carriers. These carriers include AmTrust, Chubb, Liberty Mutual, Nationwide, Travelers, and others.

By integrating into the existing front-end systems of wholesalers, brokers, and carriers, CoverForce’s API aims to solve for complexities experienced when merging with multiple and disparate systems to reduce costs and mitigate execution risk.

CoverForce has built an API that digitally connects agencies and corporate customers with insurance carriers. For agents, the company’s core infrastructure and customized software enables instant quotes from the top, best-fit carriers, and one-click bind and pay. For carriers, the company unlocks new distribution channels while guaranteeing control over access. A product of the University of Pennsylvania’s Innovation Fund, CoverForce has more than 3,500 users on its platform as well as investors and advisors from Nyca Partners, Muir Capital, QED Investors, Microsoft, Uber, and Walmart.

Sources: Hub International Limited, CoverForce