A new service for Australian brokers from cyber specialist CFC automates quoting for large bundles of policies.

The portfolio quoting service, initially available for CFC cyber products, allows brokers to bulk quote their entire book of business in a single process.  

Brokers send client information, CFC automatically generates quotes for all those eligible, and brokers then review and bind.

CFC distribution director Pat Brice says sending individual submissions for thousands of accounts takes an “enormous amount of resource” from time-stretched brokers.

“Our new portfolio quoting service will not only free this time up ... but also help them cross-sell different products across their entire portfolio.

“We can even assist in porting master policies over to individual insured policies.”

Mr Brice says the quoting service eliminates manual data input and tedious application forms, and can “open the door to significant growth opportunities within existing books of business, delivering valuable new income streams for Australian brokers”.

London-based CFC has offices in Australia, Europe and North America.