Coterie Insurance adds cyber coverage to platform

Coterie Insurance adds cyber coverage to platform | Insurance Business America

Cyber

Coterie Insurance adds cyber coverage to platform

New offering in partnership with Berkley Re Solutions and TransUnion

Cyber

By
Terry Gangcuangco

Insurtech managing general agent Coterie Insurance has added cyber coverage to its platform by partnering with Berkley Re Solutions and TransUnion. The collaboration integrates Berkley Re’s cyber insurance offerings and TransUnion’s TruEmpower Cyberscout services.

Bobbie Collies, chief insurance officer at Coterie, noted: “Our agents and brokers have been asking for expanded coverage options as small businesses are at risk for numerous perils, including increasingly becoming targets for cybercriminals.

The proposition features comprehensive support, including claims management, incident forensics, response services, mobile notifications, a customer web portal with cybersecurity tips, and a free “Business Security Self-Assessment” survey.

“We are excited to partner with Coterie to offer increased protection options to more agents and brokers serving small businesses,” said Christopher Ellis, senior vice president and head of turnkey solutions at Berkley Re Solutions.

“Our combined expertise, resources, and partnerships create a powerful offering that supports the needs of our partners and their clients.”

Matt Cullina, head of TransUnion’s global cyber insurance business, added that the aftermath of a data breach could be chaotic for business owners, who might not even know how to begin addressing such incidents.

“Cyberscout’s services are both technical and consultative to assess and repair the damage, while helping small business owners navigate the process – so they can focus on protecting their customers as well as their brand,” Cullia said.

Agents and brokers using Coterie’s platform can now easily obtain cyber insurance quotes alongside other coverages such as business owners policies and general liability insurance.

What do you think about this story? Share your thoughts in the comments below.