Allianz Global Corporate & Specialty has found a partner to help address cybersecurity and risk management for small to medium-sized businesses. Liberty Mutual Insurance Co. will back NIF Group’s Bowling Center Program, serving as its exclusive carrier. Willis Towers Watson is allying with a company to provide the U.S. property insurance market with data it can use to determine replacement cost.
Allianz Global Corporate & Specialty (AGCS) is partnering with Silicon Valley-based software company Zeguro to address cybersecurity and risk management for small to medium-sized businesses.
Through its platform, Zeguro will serve as a virtual chief information security officer for customers who purchase Allianz’s cyber insurance coverage to further manage their cyber exposure and reduce the risk of financial loss following a cyber attack.
This benefit will initially be available only to U.S. clients.
With Zeguro’s risk management platform, AGCS clients will have control and oversight of their digital world through a simple interface that guides clients through any areas of concern while training its employees on best practices.
Liberty Mutual Insurance Co. will back NIF Group’s Bowling Center Program, serving as its exclusive carrier.
The program targets bowling center risks as well as those offering some ancillary entertainment. Coverages offered on an admitted basis include property, general liability, crime, equipment breakdown, EPL, abuse and molestation, auto, umbrella, and workers compensation. The Bowling Center Program is offered in all states except Hawaii.
According to David Daniels, president of NIF Insurance Services of CA and underwriting office for bowling, the partnership offers Liberty Mutual claims services, direct bill and competitive pricing.
NIF Group is the sole distributor of the Bowling Center Program.
Willis Towers Watson will ally with e2Value to provide the U.S. property insurance market with data it can use to determine replacement cost.
The offering, dubbed Structure Insurance Score, measures risk inherent to a property insurer based on several unique characteristics of a home or building—ones that typically fall outside traditional rating characteristics.
The first generation of the product can be applied to residential risks, and scores for farm and commercial property risks will be added in the future.
Sources: AIG, Liberty Mutual/NIF Group, Willis Towers Watson