Allied World Revises Cyber Insurance Form
ZUG, Switzerland–(BUSINESS WIRE)–
Allied World Assurance Company Holdings, GmbH announced today an
enhanced Cyber Liability Insurance form. As a market leader in Cyber,
Allied World offers an integrated end-to-end solution, designed to
mitigate cyber risk exposures with tailored coverage, pre-breach risk
management services and turnkey breach services from leading incident
response vendors.
Today’s new offering provides Allied World’s U.S. Cyber policyholders
with access to robust coverage, including first and third party
coverages, with optional coverage for Professional and Technology Errors
and Omissions.
“In today’s constantly shifting cyber environment, it is important to
stay out in front of emerging exposures,” said Christian Gravier,
President, North American Professional Lines division. “This new policy
demonstrates our commitment to the cyber market and desire to
continually evolve to address the latest cyber risks and challenges.”
“Our insureds face dynamic and uncertain exposures and Allied World
strives to provide insurance protection that is equally dynamic and
responsive,” said Jason Glasgow, Vice President, Cyber Lead. “Our
enhanced data breach incident response and robust Business Interruption
coverage – combined with the industry-leading, value-added risk
management services of our Allied World//FrameWRXSM
platform – will help our insureds mitigate today’s cyber exposures.”
Policy highlights include:
-
Third Party Liability Coverage includes Optional Professional Services
Liability AND Technology Services Liability coverage; - First Party Liability Coverage on a discovery basis;
-
Incident Response is available in addition to the policy aggregate
limit, subject to underwriting review, and includes:- First Dollar Breach Consultation;
- Data Forensics;
- Notification and Credit Monitoring;
- Public Relations;
-
Business Interruption and Expense Coverage available from the time of
disruption, once the waiting period is met; - Supplemental Expense Coverage;
- Up to $25M aggregate limit and no minimum premium;
-
Pre-breach Risk Management Services via our award-winning Allied
World // FrameWRXSM platform.
For more information about Allied World’s Cyber Insurance form, please
go to our webpage
or contact Jason Glasgow at Jason.Glasgow@awac.com.
About Allied World
Allied World Assurance Company Holdings, GmbH, through its subsidiaries,
is a global provider of insurance and reinsurance solutions. We operate
under the brand Allied World and have supported clients, cedents and
trading partners with thoughtful service and meaningful coverages since
2001. We are a subsidiary of Fairfax Financial Holdings Limited, and we
benefit from a worldwide network of affiliated entities that allow us to
think and respond in non-traditional ways. Our capital base is strong,
our solutions anticipate rather than react to changing trends, and our
teams are focused on establishing long-term relationships that are
mutually beneficial. Learn more about how we can help you manage your
risk by visiting: Web: www.awac.com
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