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October 7, 2019

Hanover Insurance launches new cyber coverage for SMBs

Hanover Insurance Group has rolled out its new separate non-admitted cyber coverage to safeguard commercial lines agents and their clients from increasing risk of cyber threats.

Free Whitepaper
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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
Enter your details here to receive your free Whitepaper.

Dubbed Hanover Cyber Advantage Premier, the new coverage offers agent partners with access to specialised and complementary products to serve their small and mid-sized businesses.

Hanover Specialty Insurance Brokers (HSIB), an in-house excess and surplus brokerage of Hanover, will underwrite the coverage.

Hanover Specialty president Bryan Salvatore said: “This new product builds on our strong existing cyber capabilities with a non-admitted solution that responds to the needs of the market and our agents.

“Hanover Cyber Advantage Premier offers an innovative solution that is designed to grow and evolve with companies over time, helping to address their constantly evolving cyber exposures.”

The American insurer said that its cyber coverage insurance plans can be customised to meet evolving cyber exposures.

By availing Hanover Cyber Advantage Premier product, the businesses can get protection for a mixture of first- and third-party exposures, which includes third-party liability, first-party loss of income, first-party response costs, as well as first-party fraud loss.

To enable policyholders to reduce the effects of cyber-attacks and re-start their business, the Hanover’s cyber solutions provide access to The Hanover’s panel of third-party cyber incident response partners.

They also offer guidance, expertise and support to deal with claims management following a cyber-attack.

Additionally, the business are offered access to specialised service providers so that they can obtain required help in cyber breach response, legal counsel, data recovery, as well as forensic IT services.

Additionally, the insurer is providing access to its risk management web portal known as eRisk Hub. It is designed to enable insureds to understand their exposures, create plans for response and lessens the effects of breaches on their businesses.

In April, Hanover Insurance launched a new digital platform, dubbed Insurago, to enable independent agents to easily acquire new customers.

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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