Brit has announced the launch of an online platform for cyber risks. The e-trading portal will launch in both the US and the UK and will target small to medium-sized enterprises in both regions. The launch represents the next phase of build-out for Brit Cyber Services.
The portal will allow brokers to quote and bind in minutes, entirely online, with a maximum of four question responses, Brit said. It is underpinned by Brit Cyber’s preventative risk management and breach-response services, and gives clients access to training modules, security trend updates and downloadable content aimed at helping businesses and employees protect against cyber events.
Brit is one of the largest cyber underwriters at Lloyd’s and has ambitions to grow its global cyber presence even more. Brit Cyber offers a suite of products ranging from coverage for large global corporates to small-business owners, underwritten by Brit’s global team based in London and Chicago.
“Our clients are only able to grow and succeed by taking control of their risks – and, by ‘writing the future,’ Brit plays a critical role in this,” said Matthew Wilson, CEO of Brit. “This mindset is core to Brit Cyber Services, recognizing that as cyber risks continue to evolve it is increasingly important to help businesses take the right steps to mitigate possible breaches while making it as easy as possible for brokers and their clients to access the best insurance cover.”
“Brit Cyber Services has rapidly built a strong US presence, and the launch of our cyber portal is an important expansion of our offering,” said Nick Davies, president of Brit Americas. “The agility of our fully online end-to-end system and the integration of our comprehensive risk management services is a compelling proposition for both brokers and clients in the US market.”