The first CFC product to be made available via Acturis, Cyber NOW includes the same broad coverage provided under the company’s full Cyber Private Enterprise wording. This includes affirmative cybercrime cover including social engineering, theft of personal funds, cyber extortion, cryptojacking and more. Additionally Cyber NOW delivers the most compelling first party cyber cover in the market including business interruption that is triggered by not only malicious cyber events but also IT system failure extending to the insured’s full supply chain.
Cyber NOW is supported by CFC’s award-winning in-house cyber incident response team, one of the largest in the world handling over 2,000 cyber claims in the past year alone.
Insureds will also benefit from free access to CFC’s award-winning mobile app, Response, which notifies policyholders of critical, time-sensitive threats and vulnerabilities in real time, helping insureds protect themselves from incidents before they happen.
The app also provides an ‘Ask the Expert’ service, enabling customers to access CFC’s specialist technical team for help with their cyber risk mitigation and general cyber security questions.
“We firmly believe that the future of cyber insurance depends on us going beyond coverage alone, by giving customers access to in-house cyber claims expertise and tailored risk management services,” said Lindsey Nelson, Cyber Development Leader at CFC. “Making Cyber NOW available through the Acturis platform allows us to partner with more brokers and help them to source the cyber protection and support their clients need more than ever.”
Acturis broker partners will also be able to access CFC’s Connect cyber trading platform which delivers bespoke supporting sales packs containing industry-specific claims resources and educational materials to help each individual client better understand the benefits of Cyber NOW.
Nelson concludes: “We’re using our twenty plus years of cyber claims data and combining that with our proprietary data enrichment engine to empower brokers and help them sell cyber more efficiently to their clients.”
Kristina Hanna, Technical Business Analyst at Acturis said, “Introducing CFC’s product to Acturis will give our customers more choice in e-trade cyber cover, driving the growth of our Cyber NOW panel even further. Our innovative technical solution has allowed a quick successful implementation to bring this product to Acturis brokers.”
Thomas Stuart, Insurance Development Director at Acturis said, “We are thrilled to partner with a market leading specialist insurer such as CFC to bring their strong blend of insurance and risk management in the cyber sector to Acturis brokers.”
Learn more about the great coverage and risk management services available under the policy on CFC's cyber insurance product page.
