Markel Insurance has launched a new product designed specifically for insurtech businesses.
InsurtechRisk+ contains four insuring clauses – insurance services and technology liability, directors and officers liability, crime, and cyber liability and loss cover – offering protection for UK-, Europe-, Australia-, Asia- and Canada-based businesses with limits up to £10m.
Nick Rugg, head of fintech and investment management insurance at Markel, said the risk landscape has changed significantly since the insurer launched its first insurtech policy, with the emergence of more advanced, AI-supported attacks.
“Our newly created InsurtechRisk+ policy provides superior cover, reflecting the many cyber exposures that insurtech companies face today,” he added.
Insureds taking out InsurtechRisk+ also have access to a variety of value-add services, including 24/7 business, legal and employment advice; R&D tax advisory; debt recovery support; grant and funding assistance; contract reviews and a cyber risk toolkit.
Printed Copy:
Would you also like to receive CIR Magazine in print?
Data Use:
We will also send you our free daily email newsletters and other relevant communications, which you can opt out of at any time. Thank you.
YOU MIGHT ALSO LIKE