Global insurance group Howden launches of one of the first dedicated European cyber and technology errors & omissions lineslips for primary business.
The product is led by Canopius and IQUW with support from three other Lloyd’s insurance company markets and benefits from up to EUR 20 mn limits and an A Excellent – A.M. Best Credit Rating.
This product is designed for a wide range of cyber and technology risks in 14 different countries across Europe and companies with up to EUR 3 bn turnover will be eligible.
14 countries are Sweden, Finland, Norway, Denmark, Iceland, France, The Netherlands, Belgium, Luxembourg, Germany, Switzerland, Spain, Italy, and Greece.
Full 1st and 3rd party primary Cyber & Tech E&O coverage. Insurer led breach response capability with 24/7 hotline and ability to accommodate all languages. Access to a suite of pro-active risk management services and streamlined cyber application form.
The EU Mid-Market Lineslips derived from the growing need to service European clients with meaningful capacity. We are excited to release this pioneering product into the market to help clients get the best coverage they canShay Simkin, Global Head of Cyber at Howden
“At Howden we aim to support you in your cyber journey by ensuring that you have the knowledge and tools to achieve business resilience, leveraging our strong insurer partnerships to negotiate the most appropriate deals on your behalf”, Howden says.
With businesses increasingly relying on technology to drive core objectives, the risk of losing money and data, or technology being denied or failing due to accidental or malicious interference has never been greater.
So, to keep up with the digital age, insurance evolved to remain relevant to what has fast become the top concern for most businesses globally – their cyber risk.
by Yana Keller