First Connect Insurance Services LLC, a subsidiary of Hippo Insurance Group, has announced a collaboration with Blink, a suite of Chubb-backed consumer insurance products, to make personal cyber insurance protection available to independent agents that participate in First Connect’s insurtech marketplace platform.
First Connect – a digital platform designed to provide independent agents with access to top insurtech carriers, will offer a cyber protection insurance product underwritten by Blink by Chubb.
Blink’s cyber protection, backed by Chubb, provides stand-alone coverage that insures customers against cyber risks such as cyberbullying, online extortion and identify theft, and covers electronic data restoration and replacement costs.
In addition, Blink by Chubb offers personal insurance products distributed through employee benefits, D2C, insurance carriers, digital brokers and affinity partners.
The collaboration between Blink and First Connect will provide agents with modern cyber coverage that is designed to help consumers safeguard their ever-growing digital footprints from bad actors capable of inflicting emotional or financial damage.
In a press release, it states that Blink’s cyber protection addresses the needs of customers facing the all-too-common risk of cyber-attacks. Victims from cyberbullying are covered for associated costs resulting from repeated harassment via an electronic device, including psychiatric services and temporary relocation costs.
At the same time, Blink helps customers recover from identity theft or cyber extortion by covering the cost of hiring professional services and money or digital currency paid as ransom.
“With multiple devices and online accounts, cyber protection is a necessity in today’s always-connected world,” said First Connect President Aviad Pinkovezky. “By offering Blink’s Cyber Protection, small and medium-sized agencies gain access to yet another national carrier and a growing list of fully digital products available on First Connect that can be easily combined with other types of coverage.”
Laura Bennett, Senior Vice President of eConsumer for Chubb in North America, added: “Blink is delighted to offer First Connect agents simple, jargon-free personal cyber insurance to help protect their customers’ digital lives. First Connect’s approach to providing fast quotes and near-instant binds made it a natural platform to offer Cyber Protection to independent agencies.”