A division of Sompo International will partner with a Portuguese managing general agent to offer crop insurance products and services to the Portuguese agricultural sector. Tokio Marine HCC will work with a company to provide cyber insurance, cyber education, identity management and resolution services to insurance carriers throughout the United States.

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Sompo International Holdings Ltd. said its global agriculture platform, AgriSompo, will partner with Portuguese managing general agent ATLAS Segurmina to offer crop insurance products and services to the agricultural sector in Portugal.

AgriSompo combines extensive technical expertise and global capabilities to deliver insurance and reinsurance products and services for agri-businesses in key markets around the world. ATLAS has deep crop insurance expertise and strong ties to the Portuguese and EU crop market. AgriSompo will partner with ATLAS to initially offer a variety of traditional crop insurance products and will expand into new products and coverages to help address the evolving needs of ifarming operations in Portugal.

AgriSompo is a global integrated underwriting, technology and distribution platform delivering both traditional and innovative insurance, reinsurance and financial products to agriculture partners worldwide. ATLAS is an agricultural sector managing general agent headquartered in Lisbon, Portugal, focused on delivering traditional and progressive insurance products and services to crop farmers in the evolving Portuguese agriculture market.

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Tokio Marine HCC ‘s Cyber & Professional Lines group will work with CyberScout to provide cyber insurance, cyber education, identity management and resolution services to insurance carriers throughout the United States.

CyberScout provides cyber risk analytics to insurers and reinsurers via a proprietary platform and markets its technology as a way for carriers to strengthen their accumulation risk management and exposure measurement.

With this new offering, homeowner insurance carriers can now o­ffer their policyholders a single, comprehensive personal cyber product to protect their privacy, devices and finances from digital intrusion, fraud, harassment and extortion, the companies said.

Home insurers can now bundle CyberScout’s identity theft resolution services with Tokio Marine HCC’s personal cyber insurance coverage. This new cyber endorsement is available as an add-on to homeowners policies and offers 24/7 ID Theft support, an online customer education portal, dark web monitoring and password protection. The program also provides insurance coverage for cases of financial fraud, data recovery, extortion, cyber bullying and related legal expenses.

Sources: Sompo International and Tokio Marine

Topics Cyber New Markets Agribusiness Training Development Insurance Wholesale