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May 24, 2019

CFC launches new cyber insurance platform for brokers

London-based specialist insurance provider CFC has introduced a new cyber insurance platform that allows brokers to instantly access and ‘self-serve’ its cyber insurance products for SME businesses.

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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
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The intuitive trading platform has been developed by CFC’s in-house technology and innovation team and powered by 20 years of cyber insurance underwriting and cyber claims data.

CFC’s cyber platform allows brokers to use a single piece of client data and produce a complete cyber insurance quote customised to their client’s unique risk profile.

Compared to traditional quote and bind platforms, the new cyber platform offers self-service by allowing brokers to adjust quotes without underwriter involvement, and bind quotes with a single click.

Additionally, the platform offers brokers a limit and claims profile based on their clients’ size, industry and location, which provides clients visibility into the most common limits purchased, and the most common claims filed by their peers.

The platform also allows brokers to connect with CFC’s cyber underwriting team in real-time for assistance.

CFC chief innovation officer Graeme Newman said: “Online quote and bind systems have historically been cumbersome, simply shifting the workload from the insurer to the broker and lacking in terms of flexibility.

“CFC’s new platform truly revolutionizes the process, greatly increasing efficiency for all parties. By answering one simple question, brokers will be able to instantly access a set of bespoke quote options based on their pre-set preferences, create brand new quote variations using a set of intuitive sliders, and bind right away.”

CFC’s new cyber platform will be made available from 1 June this year.

Backed by Lloyd’s, CFC serves over 70,000 businesses in more than 80 countries.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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