Artemis ILS NYC 2020


Reinsurance News

CNA Hardy adds new features to cyber offering

13th May 2019 - Author: Matt Sheehan

Specialist commercial insurer CNA Hardy has added a number of features to its cyber proposition, including a new pre-breach service and additional coverages.

cyber modelThe company’s policy now includes cover for impersonation fraud and social engineering, which it considers to be one of the biggest exposures for businesses.

Existing and new policyholders in the UK will also now have access to website security partner GamaSec, with access for continental Europe and Canada anticipated in the future.

“Our latest cyber proposition reflects the changing risk environment,” said David Legassick, Head of Cyber, Tech & Life Science. “Technology adoption creates new exposures, and cyber criminals are becoming more sophisticated.”

“Our new pre-breach partner, GamaSec, will ensure that policyholders are able to protect their business from cyber threats,” he added. “Our focus is on proactive loss prevention and minimising the exposures that our policyholders face, instead of just risk mitigation.”

GamaSec joins a suite of other pre-breach partner services already available through CNA Hardy, including penetration testing and cyber security analysis and education.

Post-breach response partner services are also available, including Forensic Investigators, Legal Services, Crisis Management & PR expertise and credit checking agency.

Avi Bartov, GamaSec founder and CEO, commented on the announcement: “GamaSec is a pre-breach tool designed to prevent cyber attacks. We use cutting edge virtual hacker technology to identify and eradicate dangerous malware threats and website application vulnerabilities.

“We are proud to be working with CNA Hardy, their cyber policyholders can access GamaSec for no additional charge.”

Other features of CNA’s offering include GDPR actions & fines with €20 million coverage available, no excess for breach response provision and up to 15% of the claim amount to cover improvements to prevent cyber incidents from re-occurring.

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous article:
CatIQ updates Canadian exposure database in partnership with PERILS

Catastrophe Indices & Quantification Inc. (CatIQ) has released the annual update of its Canadian insurance Industry Exposure Database (IED), developed...