Agile Underwriting partners with Cynch Security

Agile Underwriting partners with Cynch Security | Insurance Business

Agile Underwriting partners with Cynch Security

Agile Underwriting has forged a strategic partnership with Cynch Security to deliver cyber insurance to the Victoria-based cybersecurity provider’s annual small business members.

The deal will enable Cynch Security to offer Agile’s CyberCare insurance product to its small business clients, to provide them coverage for both crisis-management costs and data-breach notification costs and access to a 24/7 emergency response team.

Susie Jones, CEO and co-founder of Cynch Security, said the alliance will allow small businesses to take an “economic way” to reduce the impacts of cyberattacks.

Read more: "Clients are struggling with cyber"

“By partnering with Agile, we are able to offer our annual members not only solutions to reduce the chances of something bad happening, but also support in the event the proverbial hits the fan despite best efforts,” Jones said. “Many of the small businesses who sign up to the Cynch cyber fitness program will be able to purchase the policy at no additional cost using Cynch member credits, and others may be eligible for discounts when purchasing policies with Agile.”

Read more: Cyber risks continue to grow – key reason revealed

Agile Cyber plans to expand its online cyber offering with three more products over the coming months. This service will be offered to all of Agile’s existing partners.