Aon, a global insurance and reinsurance broker, has introduced Cedar, a new cyber solutions product aimed at providing long-term stability and support for mid-market clients globally.
Cedar is underwritten by Aon Underwriting Managers and a team of cyber underwriters, backed by A+ rated Lloyd’s carriers.
Developed through collaborative planning and execution across Aon’s Risk Capital business, Cedar leverages Aon’s actionable analytics and expertise, aligning with the firm’s 3×3 Plan to achieve ambitious goals swiftly.
This global product offers clients easily accessible and distinct coverage, enabled by Aon’s cyber solutions, alongside digital automation to ensure exceptional service levels and stable, long-term capacity, supported by leading cyber claims teams.
Cedar is tailored for clients with turnovers ranging from $100 million to $2 billion, with a focus on primary business and the option to write excess lines.
Aon’s proprietary CyQu digital submission directly integrates with Cedar, enabling efficient information flow, service levels, and limit subjectivities.
The product aims to enhance cyber insurance penetration rates, ensuring clients receive appropriate coverage.
