CFC unveils new cyber insurance platform

Cutting-edge is how CFC Underwriting describes its new cyber insurance platform for brokers.The London-headquartered specialist insurance provider, which has been in the cyber market since 1999, has introduced a new quote-and-bind portal aimed at ‘revolutionising’ how brokers arrange cyber cover. The target clientele are small- and medium-sized enterprises.
Developed in-house and available on June 01, the platform was launched at CFC’s inaugural US broker conference in Chicago. Features include single-question quoting, instant access to underwriters, and broker self-serviceThe latter differentiates CFC’s system from traditional platforms as it allows brokers to adjust quotes, including limits and deductibles, without the need for the underwriter. Meanwhile brokers can also use the trading platform to connect with the cyber underwriting team in real-time.In addition, brokers are given access to industry-specific cyber claims resources and educational materials. They will also receive a limit and claims profile based on clients’ size, industry, and location.