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Digital defenders

There isn’t a more dynamic or fast-paced part of the insurance industry than cyber. 

While that gives providers the chance to innovate, it also means the bar is continually moving and requires them to keep meeting new challenges.

Michael Phillips, cyber practice leader at CFC Underwriting, lists the key requirements for brokers:

  • Comprehensive and well-designed solutions – “Increasingly on the proactive side and with cybersecurity services in combination with coverage.”
     

  • Ease of doing business – “Cyber insurance can be traded digitally with speedy technology enabling the broker to receive quotes, and brokers will want these quotes to be coupled with tools that empower them to better understand the risk and sell the quote to their clients.”
     

  • Partnership – “With real expertise and the stability won by years and years of real cyber experience.”
     

Tokio Marine HCC

The firm is on an impressive run as by being honored as an Insurance Business America 5-Star Cyber 2024 winner, it c

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