Insurtech partners with Berkeley Lee Solutions & TransUnion to launch cyber coverage
CINCINNATI – Coterie Insurance, an insurtech MGA focused on partnerships that simplify small business insurance, today announced the availability of cyber insurance on its platform through new partnerships with Berkley Re Solutions and TransUnion. Announced. With Berkley Re Solutions coverage and the cyber insurance services of TransUnion’s TruEmpower™ Cyberscout solution, Coterie is now able to deliver a custom turnkey solution for Berkley Re within its existing seamless user experience.
“Small and medium-sized businesses are exposed to a number of risks, including being targeted by cybercrime, so our agents and brokers are looking for expanded coverage options,” said Bobby Collies, chief insurance officer at Kotally Insurance. I’ve come,” he said. “Doujin users can now easily add cyber insurance to their new policies quickly, efficiently and easily, further protecting their small and medium-sized business customers.”
According to HIPPA Journal, cyber insurance claims reached an all-time high in 2023, and more businesses experienced cyber incidents than in previous years. Coterie has partnered with Berkley Re Solutions, a leading cyber coverage reinsurance company that offers unique risk management programs, and a partnership with Cyberscout to help small businesses educate, prepare, combat fraud, credit monitoring, privacy, and more. We provide the following services.
“We are excited to partner with Coterie to bring more protection options to more agents and brokers serving small and medium-sized businesses,” said Berkley Re Solutions SVP and Turnkey Solutions. Director Christopher Ellis said. “The combination of our expertise, resources and partnerships creates a powerful product that supports the needs of our partners and their customers.”
By leveraging TransUnion’s Cyberscout solution, Coterie now offers enhanced cyber risk services to better assist small and medium-sized businesses in responding to cyber incidents. In the event of a breach or cyberattack, Cyberscout provides robust cyber claims management, incident response, and forensic services to help assess the severity of a cybersecurity incident. Additionally, Cyberscout services support crisis management processes, helping you mitigate damage, communicate with stakeholders, and maintain and restore your business reputation.
Cyberscout also offers mobile text notifications, a comprehensive customer web portal with access to cyber safety tips, and a free “Business Security Self-Assessment” survey to help businesses identify gaps in their cybersecurity programs I’m doing it.
“The aftermath of a data breach can be confusing for business owners, and it can be difficult to know how to even begin to address the situation,” said Matt Kalina, head of global cyber insurance at TransUnion. Ta. “Cyberscout’s services help small business owners navigate the process while providing technical and consultative services to assess and repair damage. business owners can focus on protecting their customers and their brands.”
Coterie makes it easy for agents and brokers to get cyber quotes, while also getting quotes for other small business coverage, including BOP (Business Owners Policy) and general liability. The process is quick, simple and stress-free.
About doujin insurance
Coterie Insurance is a technology-focused commercial insurance company dedicated to simplifying the insurance process for small and medium-sized businesses. By leveraging cutting-edge technology, Coterie provides fast, efficient and customized insurance solutions that meet the unique needs of its customers.
About Berkeley Re Solutions
Berkley Re Solutions offers fully insured products for a variety of specialty products, making our partners even more valuable to agents and insureds. Berkeley’s services include policy wording, underwriting guidelines, rating plans, application support, quota share reinsurance options, and more. In addition, the organization provides training, unique service solutions, and marketing to provide a complete turnkey experience.
About TransUnion (NYSE:TRU)
TransUnion is a global information and insights company with more than 13,000 employees with operations in more than 30 countries. We enable trust by ensuring that each individual is present in the market. We do this with each person’s Tru™ photo: a meticulously curated, practical view of the consumer. Through acquisitions and investments in technology, we have developed innovative solutions that extend beyond our strong core foundation of trust into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can trade with confidence and achieve great results. We call it Information for Good®, and it brings economic opportunity, great experiences, and personal empowerment to millions of people around the world. http://www.transunion.com/business
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