CoverHound subsidiary CyberPolicy released a new one-click insurance product that can be purchased through trusted brands. The Hartford, thanks to a new partnership, will begin offering services to help customers reduce the risk of a cybersecurity incident before it occurs. Geospatial Insight is now marketing a product designed to help improve risk targeting and pricing thanks to a number of technology advances.
CoverHound subsidiary CyberPolicy released a new one-click insurance product that can be purchased through trusted brands.
Dubbed CyberPolicy Genesis, the product starts at $9.99 per month. The cover bundles cybersecurity protection with essential cyber insurance coverage options. CyberPolicy Genesis cybersecurity features include expert guidance, dark web monitoring, password management, secure document storage, VPN, and cybersecurity awareness training. CyberPolicy Genesis cyber insurance coverage starts at a $25,000 limit and offers access to a breach coach, data forensics, public relations services, notification and credit monitoring, and cyber extortion protection.
CyberPolicy provides an online marketplace to help small and medium-sized businesses compare, quote, and buy cyber insurance online in minutes.
CyberPolicy Genesis is currently available to small- and medium-sized businesses SMBs with up to $10 million in annual revenue. CoverHound is an InsurTech that allows consumers and businesses to easily compare and purchase insurance.
The Hartford will begin offering services to help customers reduce the risk of a cybersecurity incident before it occurs.
This new service is made possible through a partnership with Mimecast, an email and data security company, and The Hartford will be providing its Mimecast Awareness Training services.
According to The Hartford, the Mimecast Awareness Training incorporates some humor into the content to help employers educate their employees about serious topics such as ransomware, phishing, wire fraud, password hygiene and more. The training includes video content and real-world phishing simulations and remediation for employees.
Customers who have The Hartford’s CyberChoice First Response Policy can take advantage of the training at no charge, while any other The Hartford policy holder can do so at a 20 percent discount.
Geospatial Insight is now marketing its PropertyView product, which derives critical property characteristics from satellite imagery, thanks to advances in artificial intelligence and scalable cloud computing.
The company asserts that its product will help improve risk targeting and pricing, enabling insurers and risk managers to make better risk-based decisions on individual properties or on a broad portfolio of property risks.
PropertyView also allows insurers to rapidly populate risk-focused property databases, reducing the burden on clients to provide the data and aiding client on-boarding and retention, the company said. Geospatial Insight added that PropertyView can drill down and capture specific property features and extract data including building size, building height, total floor area, roof type and roof material. Additional features are being added as the product grows and develops.
Geospatial Insight, launched in 2012, is a UK-based InsurTech that provides risk intelligence produced from analysis of satellite, aerial and drone imagery. It also uses machine learning and other technologies to produce its data.
Sources: CyberPolicy, The Hartford and Geospatial Insight