Cyber Assist, an MGA specialising in cyber risks worldwide, has today launched a new wholesale cyber product using the SchemeServe platform.
Backed by A rated Lloyd’s capacity, the cyber policy covers most standard cyber risks plus e-theft, VOIP hacking, cloud coverage, terrorism and human error. The online platform means brokers can quote and bind cover quickly with 4-6 easy questions. The product has been launched in partnership with Avast for Business and includes antivirus and backup for UK companies.
David Channing, Founder and Director of Cyber Assist, comments: “Cyber represents a significant market opportunity for brokers. Businesses big and small, all over the world, have realised that cyber is now one of their biggest threats. The new online platform makes it simple for brokers to offer a comprehensive cyber insurance product that is straightforward and easy to understand and which makes it easy to sell to clients.”
SchemeServe, a leading provider of insurance software for intermediaries, has designed and built the online software. Cyber Assist will also be launching a bespoke cyber scheme with special rates available to other SchemeServe users, later this year.
Ed Halsey, Head of Sales & Marketing at SchemeServe, comments: “Cyber Assist is a text book example of a successful wholesale brokers that is a true specialist; they truly understand their product and their target market. Combining this with our online platform and marketing services has enabled it to quickly and easily scale up its broker distribution to tap into this important booming market. I’m delighted too that our other broker partners in SchemeServe will get to collaboratively benefit from access to the specialist cyber scheme.”
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For further information please contact:
SJ Wrigley at Spotlight Consulting: sj@spotlightconsulting.co.uk or 07909 546104
Kelly Prior at Spotlight Consulting: kelly@spotlightconsulting.co.uk or 07730 572878
About SchemeServe
SchemeServe is a leading cloud based provider of software to the insurance industry which has grown to operate more than 200 schemes and £150m of gross written premium per annum. SchemeServe is a white-labelled administration, distribution and underwriting SaaS solution for those operating delegated authority schemes business in both personal and commercial lines.
The company’s ‘Scheme Tailors’ are all ex-underwriters and using SchemeServe they work with brokers to design bespoke white labelled solutions for customers in double time.
The SchemeServe philosophy is Remarkable Schemes Made Simple.