Reinsurance News

CFC launches cyber insurance platform

28th May 2019 - Author: Charlie Wood

Specialist insurer CFC Underwriting has announced the launch of a new cyber insurance platform that enables brokers to access and “self-serve” the company’s cyber insurance products for SME clients. The platform will be available on 1 June 2019.

CFCDeveloped by CFC’s in-house technology and innovation team, the platform reportedly boasts an intuitive interface and cutting-edge capabilities.

“Online quote and bind systems have historically been cumbersome, simply shifting the workload from the insurer to the broker and lacking in terms of flexibility,” said Graeme Newman, Chief Innovation Officer at CFC.

CFC’s new platform includes features such a single-question quoting, broker self-service and instant access to CFC’s expert cyber underwriters.

“CFC’s new platform truly revolutionizes the process, greatly increasing efficiency for all parties.,” added Newman

“By answering one simple question, brokers will be able to instantly access a set of bespoke quote options based on their pre-set preferences, create brand new quote variations using a set of intuitive sliders, and bind right away.”

“CFC’s award-winning cyber insurance policies offer comprehensive cover for cybercrime, business interruption, privacy liability and breach notification, and are backed by an industry-leading in-house cyber claims and incident response team,” Newman continued.

“CFC’s cyber insurance customers also have access to best-of-breed risk management services and tools.”

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