QBE North America announced the launch of a cyber insurance program with managing general agency, Converge, acting as program administrator. The program will be broken down into two separate distribution structures, each with a distinct revenue focus and cybersecurity data access formation.

ConvergeElements offers primary and excess cyber coverage through select agents and brokers for companies with up to $100 million in revenue. Converge’s proprietary technology platform allows it to ingest and collate data from applications, external system scans, underwriting and claims workspaces, insured/broker portals, analytics workspaces, and other specialized data sources to underwrite cyber risks more swiftly and effectively.

ConvergeConnect offers primary cyber coverage through prequalified technology provider partnerships for companies with up to $750 million in revenue. These partners provide Converge with access to security and underwriting data to provide customer solutions leveraging insights on cybersecurity posture.

Cyber coverage through the Converge program will be provided on a non-admitted basis through QBE North America’s insurance companies.

***

Insurance provider At-Bay announced that it has begun issuing cyber and tech errors and omissions policies under its Delaware-based excess and surplus carrier, At-Bay Specialty Insurance Company, formed in January 2023.

At-Bay’s transition to At-Bay Specialty Insurance Company paper allows the company to better serve its brokers and customers, speed up innovation, and increase efficiency across the business, according to a company press release.

Policy terms, pricing, and appetite of products available through At-Bay will remain the same. All E&S cyber and tech E&O new business in eligible states and territories is now being quoted on At-Bay Specialty Insurance Company paper as of August 7, 2023.

***

Northland Insurance, a trucking wholesale insurance company in the U.S. and a subsidiary of The Travelers Companies Inc., announced the launch of a telematics program, a cargo theft reporting tool, and a curated set of safety and risk mitigation resources.

The new offerings include a telematics program that promotes safe driving habits by providing customers with real-time performance data. Customers who enroll in the program may receive either a premium discount or device subsidy. The offerings also include a cargo theft reporting feature that expedites the claim process by enabling users to report thefts directly from a mobile app to the Northland claim team and Travelers’ Special Investigation Group.

A curated set of risk management tools and resources called the Northland Innovation Network is also included. This central hub provides customers with access to programs, platforms, and research to help them keep workers and fleets operating safely and effectively.

These new customer benefits are added to the Northland Advantage suite of products and services, which include dedicated risk control safety specialists, experienced claim professionals, and attorneys dedicated to the transportation industry.

Sources: QBE North America, At-Bay, Northland Insurance