IT, New Media & Software

Monday, 17 September 2018 14:48

Chubb launches Cyber Enterprise Risk Management on Ignite platform

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Chubb launches Cyber Enterprise Risk Management on Ignite platform

Chubb today announced the launch of Cyber Enterprise Risk Management on the insurer’s online mid-market broker platform, Chubb Ignite, as it continues to invest in its insurance and service capabilities for middle-market clients and brokers in South Africa.

Using the Ignite system, brokers can now quote and bind cyber risks online in minutes. When binding cover on Ignite, brokers benefit from access to Chubb’s full Cyber Enterprise Risk Management wording. The policy provides comprehensive cyber risk cover, including business interruption, data restoration, cyber extortion, third-party liability arising from privacy and security incidents and crisis response costs.

The online broker tool is backed by Chubb’s specialist underwriting team and gives brokers a seamless journey from quote to binding cover.

Key features include:

  • Immediate issuance of policy documentation;
  • Online renewal management; and
  • Ability to retain client information across various products enabling smarter cross-selling and more efficient client management.

Gena Jalink Mid-Market Practice Manager, Chubb South Africa, said:

“The launch of Cyber Enterprise Risk Management on Chubb Ignite reflects our commitment to invest in developing innovative solutions specifically designed to drive efficiency and provide our brokers with the value added services they need to grow with confidence. Ignite allows brokers to quote and be bound by Chubb within minutes, 24/7, with fewer referrals and minimum fuss. Ignite is truly mid-market focused and our cyber solution makes allowances for the fact that mid-market companies may not always have sophisticated risk and IT controls in place. For this reason, we have evolved the way we look at cyber risks for mid-market companies and restructured our pricing and underwriting criteria – permitting the use of mitigating risk controls and applying real-time discounts for risk management practices.”

About Chubb

Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: chubb.com/uk

 

Media Contacts
Gena Jalink
Marketing and Mid-Market Practice Manager, South Africa
W +27 (0) 11 722 5742
This email address is being protected from spambots. You need JavaScript enabled to view it.

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