Digital platform Embroker has named David Derigiotis as its new chief insurance officer.
The firm said in a statement that Derigiotis was coming onboard to lead the development of Embroker’s innovative insurance vertical products, particularly cybersecurity, technology, and privacy offerings.
Before taking on this new role, Derigiotis served as corporate senior vice president and national professional liability practice group leader for international wholesale broker & MGA Burns & Wilcox.
He has 20 years of experience in the insurance industry, with expertise in complex cybersecurity exposures, data privacy law, regulatory requirements, and emerging technologies such as blockchain, decentralised finance, and cryptocurrency.
Ben Jennings, chief revenue officer at Embroker, said: “Embroker’s mission is to offer radically simple business insurance options through our digital-first platform for companies to get the right coverage at the best price. As we continue to expand our product offerings for different customer segments, David’s wealth of cybersecurity and privacy expertise will help ensure our products are the absolute best they can be.”
In addition to hiring Derigiotis, Embroker recently announced the launch of three new insurance products – one for cannabis dispensaries, one for venture capital firms, and one for key business leaders. The company serves more than 9,000 customers, spanning from startups to publicly-listed multinational enterprises, and touts a suite of digital insurance options.
Derigiotis said: “Embroker is really innovating. They’re uniquely positioned to best service their growing client base. Companies are getting a tailored commercial insurance experience that provides them with the right coverage for their specific industry in an easy, straight-forward, and streamlined way. I’m looking forward to making greater strides in advancing Embroker’s intelligent digital platform and building upon the company’s unique strengths and innovative business model.”