Howden inaugurates SME cyber insurance platform

Only one in 10 SMEs invest in cyber insurance.

Howden has launched its first cyber insurance platform catering to small and medium enterprises (SMEs), offering businesses with revenues of up to $250m access to cyber coverage. Supported by three global carriers, the platform offers up to USD 6 million in coverage.

Clients are pre-approved and need only provide their name, industry, annual revenues, and website for a quote. Additional data is gathered via open APIs to maintain underwriting standards.

Historically, only 14% of SMEs have had cyber insurance coverage.

The platform includes 24/7 assistance and advanced analytics from Cyberwrite. Clients and brokers also have access to an AI-powered bot for cyber risk and insurance queries.

Shay Simkin, Global Head of Cyber at Howden, emphasised the importance of the platform, noting that 60% of SMEs without cyber cover face bankruptcy within six months of a cyber-attack.

Follow the link for more news on

Howden

insurance

Also Read

Climate change alters insurer risk management: S&P

Hanwha Life acquires 75% stake in US firm Velocity Clearing

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit