Travelers has started using 3-D technology designed to help speed up damage inspections for the claims process. QBE North America launched a revamped cyber product designed to better help protect customers from cyber threats.
The Travelers Companies, Inc. has begun using 3-D technology from HOVER designed to help make damage inspections quicker and safer.
HOVER’s technology transforms smartphone photos of any property into an accurate three-dimensional model, gathering precise measurements of a building’s exterior, including its roof, siding and windows.
Specifically, Travelers claim professionals can now widely use HOVER to easily inspect damages without the risks that come with climbing ladders, and policyholders can use HOVER to submit their information without having to schedule an on-site inspection.
Travelers began a pilot program with HOVER in November 2018 and has conducted more than 50,000 inspections with the technology for both its personal and business insurance customers.
QBE North America launched a revamped cyber product designed to better help protect customers from cyber threats.
With the addition of a new admitted cyber form, The Solution for Cyber Risk now offers a holistic risk management product or businesses that combines insurance with cyberattack prevention services as well as post-breach response assistance.
The Solution for Cyber Risk’s new admitted form has coverage for cyber liability; media liability for digital and electronic publication; data breach notification costs; asset rectification costs; regulatory defense and penalty costs; public relations fees; forensics; business interruption; and extortion and credit monitoring.
As part of the offering, QBE also offers data breach planning services through Breach Plan Connect which provides a checklist including best practices to follow when a data breach happens, as well as specific responses, plus links to important portals.
Sources: Travelers, QBE North America