European cyber-insurance specialist COGITANDA has partnered with insurance giant, Everest and specialty re/insurer Lloyd’s Syndicate, IQUW to develop and expand its cyber product offering to clients with annual revenues of up to €250 million in Germany and Austria.
Previously, COGITANDA’s offerings were tailored to businesses with turnover of up to €100 million annually. The new customer segment will benefit from a policy limit of up to €7.5 million for cyber damages.
It has been said that this partnership with change nothing for the German and Austrian customer segments with turnovers of up to €100 million. The segment will continue to be provided coverage by the three strong German insurance groups Württembergische, SV Sparkassenversicherung, and Versicherungskammer Bayern.
Jens Lison, Chief Executive Officer, COGITANDA Dataprotect AG, comments on the partnership, “It’s a significant win for us and our clients to now count Everest and IQUW among our key capacity providers.
“Together, we will continue COGITANDA’s successful expansion across Europe. Through these partnerships, we do not only broaden our offering, but also make our services accessible to a wider customer base.
“Looking ahead, we are committed to further strengthening our leading position in the cyber-risk sector and expanding our insurance portfolio nationally and internationally through strong partnerships. COGITANDA will continue its path for profitable growth.”
