As awareness around the need for cyber insurance increases, a growing number of brokers and clients are looking to experts for insight, and Emergence Insurance’s Gerry Power has positioned himself as one of the most trusted sources in this specialty. Boasting 25 years of experience in underwriting professional risks insurance, Power carved out a specialist niche for himself in the field of cyber and technology while serving as a senior underwriter at CGU.
In 2017, Power made the move to relative newcomer Emergence and has since helped secure the underwriting agency’s standing as one of the most respected cyber specialists in the Australian market. Looking forward, Power believes general insurance will struggle to keep up with the rapidly evolving nature of cyber and technology in the same way a specialist underwriter can.“Brokers have got peace of mind that when they place a policy with a cyber specialist, they know it’s in a safe home and that it’s going to be well taken care of,” he told Insurance Business.
With Emergence now actively eyeing expansion into other territories outside of Australia and New Zealand, other players in the market will undoubtedly be paying attention to see if the agency can continue its trajectory of success.
