A unit of Munich Re is touting new cyber and technology errors and omissions insurance coverage designed to protect U.S.-domiciled organizations with domestic and /or global exposure. A division of Starr Insurance Companies started marketing what it bills as a comprehensive Terminal Management System Assessment Program.
Munich Re Specialty Insurance rolled out new cyber and technology errors and omissions insurance coverage designed to protect U.S.-domiciled organizations with domestic and/or global exposure.
Those covers are offered on a non-admitted basis for both primary or excess protection. The policies have been designed to automatically include coverages which are typically provided by other carriers only through endorsements to policies, thus delivering more comprehensive and seamless products.
Policyholders will have access to a network of providers offering proactive risk management services and a 24/7 data breach hotline. Coverage is underwritten on behalf of the Munich Re Syndicate, which offers the underwriting innovation of Lloyd’s.
Starr Insurance Companies division Starr Marine started marketing what it bills as a comprehensive Terminal Management System Assessment Program.
The TMS program is designed to help Starr clients identify and reduce the risks unique to marine terminal operations of all sizes.
The TMS program, developed with industry experts, is a proprietary tool created to measure terminal operations against industry best practices. Using independent marine surveyors, the Starr Marine Loss Control Services Team works with the terminal’s management to conduct a thorough on-site evaluation and review of operational, maintenance and safety procedures, the company said.
The assessment provides clients with a benchmarked score and detailed recommendations to enhance risk management initiatives and loss control plans for their operations.
Sources: Munich Re, Starr