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May 7, 2020

CFC Underwriting rolls out new cyber incident response app

London-based specialist lines underwriting agency CFC Underwriting has rolled out a new cyber incident response app.

The new app was launched by the company after noticing a rise in Covid-19 cyber scams targeting businesses.

The policyholders will be able to instantly notify claims using the app. They will also receive quick specialist support from CFC’s global cyber incident response team.

Moreover, the users can configure the app to notify excess insurers and other members of the policyholder’s incident response team at the same time.

The app also provides users with global cyber news updates.

CFC Underwriting Incident Response head Anthony Hess has been quoted by Insurance Journal: “Our claims service is at the heart of our cyber proposition and we wanted to make it as straightforward as possible for policyholders to access our help.

“Using the app, it will take just seconds to notify us that something has gone wrong and less than half an hour for our network of experts to respond.”

Supported by 32 Lloyd’s syndicates, CFC insures over 25,000 companies against cyber risk, globally.

Earlier this year, the company launched a new cyber risk heat map to detect trends being witnessed by CFC’s incident response team and facilitate communication between brokers and clients.

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