Reinsurance News

Relm Insurance partners with cyber risk manager NetDiligence

15th March 2023 - Author: Matt Sheehan

Specialty insurer Relm Insurance has announced a new partnership with NetDiligence, a provider of cyber risk readiness and response services, to deliver a suite of cyber risk monitoring solutions.

Solutions will be provided to policyholders via automated enrolment through NetDiligence’s eRiskHub platform, which is designed for the prevention, reporting, and recovery of losses caused by cyber incidents.

Features available to Relm policyholders will include incident response guidance, a news and learning centre, risk manager tools, and security training courses.

“Effective cyber risk management is no longer optional — it’s essential. As cyber threats continue to evolve, our policyholders must stay one step ahead to protect their businesses and reputation,” said Donavan Burgess, Senior Vice President and Underwriter of Digital Assets, Cyber and Professional Lines at Relm.

“That’s why we’re proud to announce the addition of NetDiligence’s eRiskHub to our comprehensive cyber risk policy. With its up-to-the-minute data and powerful educational tools, eRiskHub empowers our policyholders to understand and manage their unique cyber risk exposures, develop a robust cyber readiness plan, and minimize the devastating impact of a breach.”

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Mark Greisiger, President and CEO of NetDiligence, also commented: “Our team and our solutions are dedicated to making cyber risk management easier for everyone involved in the process of mitigating modern-day cyber risk. From policyholders to cyber insurance professionals, the eRiskHub portal helps those at the forefront of cyber defense to stay razor-sharp as the cyber threat landscape evolves.”

“Resources like the eRiskHub will be crucial moving forward as insurers like Relm strive to continually educate policyholders about the risks their organizations face,” added Greisiger.

In November 2022, Relm partnered with cyber risk analytics CyberCube to bolster its cyber underwriting business with artificial intelligence and risk modeling capabilities.

And in January, Relm expanded its strategic fronting partnership with Trisura, enabling the Bermuda-based carrier to provide capacity in support of AM-Best rated paper for US digital asset risks.

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