Global advisory, broking, and solutions company, WTW has announced the launch of CyProtect Bermuda, a cutting-edge cyber insurance product designed and tailored to be a comprehensive solution for financial, professional, and executive risks.
WTW’s new tool is targeted towards large enterprises operating in the Bermuda market, and it aims to set a new standard, delivering fortified coverage, streamlined processes, and exclusive advantages to shield corporations from the ever-changing cyber threat landscape.
Tommy Edwards, Head of Cyber, FINEX, Bermuda, WTW, said: “CyProtect Bermuda embodies a robust safeguard for our clients, reinforcing our commitment to providing cutting-edge solutions for cyber insurance.
“This innovative solution is meticulously crafted to fortify enterprises against evolving cyber threats, offering a tailored defense finely attuned to the unique attributes of the Bermuda insurance marketplace.”
CyProtect Bermuda is described as a pioneering insurance solution that seamlessly integrates key features rooted in proven excellence and anchored on the market-friendly WTW FFEP/MOI Form (Follow Form Excess Policy / Memorandum of Insurance).
This cyber product delivers exclusive affirmative punitive damages cover tailored for the Bermuda market. WTW’s in-house administration services deliver efficiency through a cost effective, original solution.
Its new slip format streamlines steps, making the quote-to-policy process much faster and more efficient.
Additionally, WTW Bermuda’s optimised process includes integrating arbitration and jurisdiction elements for enhanced clarity and an option for additional comprehensive coverage against regulatory fines and penalties.
