Chubb is debuting a new Media Industry Practice for the UK and Ireland. Swiss Re Corporate Solutions teamed with a French cyber security startup auto debut new cyber coverage for small businesses that also includes cyber attack protection services. Cape Analytics is expanding its property intelligence product to commercial habitational properties.
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Chubb established a new Media Industry Practice for the UK and Ireland, aimed at middle market and multinational businesses.
The initiative brings together Chubb’s specialist capabilities in underwriting, claims management and multinational servicing into one client-focused proposition. Chubb launched its Media Industry Practice in response to segment growth and feedback from key broker partners.
The Media Industry Practice offering includes a range of tailor-made coverages for media liability, cyber, property and casualty as well as personal accident and travel. It also comprises a number of value-added services, including a free legal advice helpline staffed by senior media lawyers. Target clients are companies operating in advertising, public relations, brand development and publishing – including newspapers and magazines – as well as film, TV and radio broadcasting.
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Swiss Re Corporate Solutions is now marketing CyberSolution 360°, a risk management coverage plan that combines insurance with cyber attack protection services.
Developed with the French cyber security InsurTech firm OZON, the product is targeted for small and medium-sized enterprises (SMEs) with 10 to 250 employees to help them manage their cyber and digital risks, Swiss Re Corporate Solutions said in a statement.
The cyber security services designed and offered by OZON do not have technical constraints and come at a competitive price, Swiss Re said. The reinsurer asserts it cover constantly adapts to new cyber threats and targets the three main attack points of an SME: its website, emails and endpoints.
The compatible cyber insurance services offered by Swiss Re Corporate Solutions cover cyber incident management, including costs such as data recovery fees, legal advice fees or administrative penalties; first party losses including the loss of income; as well as third party claims, such as damages under an SME`s privacy liability.
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Cape Analytics is expanding its property intelligence product to commercial habitational properties.
The expansion builds on Cape Analytics’ database of 70 million single-family homes in the U.S., to include multi-family homes, condos, and HOAs.
Cape Analytics sis introducing what it claims is the world’s first reliable data stream of instant and accurate commercial property information. The company said it is rolling out its commercial data stream, initially in pilots with select existing customers, followed by wider availability later in 2019.
Cape Analytics said its automated data stream is derived by applying cutting-edge computer vision and deep learning algorithms to geospatial imagery and includes loss-predictive property attributes such as Roof Condition Rating. Insurers who underwrite commercial habitational properties have access to contextualized intelligence, where they can instantly view information related to their portfolio, as well as comparative property data at the local and national level, the company said.
Cape Analytics leverages geospatial imagery, computer vision, and machine learning to instantly and automatically extract proprietary property data for insurance carriers and other property stakeholders.
Sources: Chubb, Swiss Re, Cape Analytics