The insurer has announced that its new cyber insurance platform will launch on 1 June 2019.
The provider claimed that the platform will allow brokers to instantly access CFC’s cyber insurance products.
These products cover cybercrime, privacy liability and breach notification. At the beginning of the year, CFC added business interruption to its range of cyber products.
Graeme Newman, chief innovation officer at CFC, said: “CFC’s new platform truly revolutionises the process, greatly increasing efficiency for all parties”.
Newman had previously warned that the industry was struggling to adapt to the growth of cyber insurance.
Functionality
The new platform was developed in-house by CFC’s technology team.
It has been developed with a view to simplifying the workload for all parties.
Graeme Newman also highlighted the platform’s functionalities: “Brokers will be able to instantly access a set of bespoke quote options based on their pre-set preferences”.
Brokers will also be able to adjust quotes without underwriter involvement, including varying limits and deductibles.
Tailored
CFC has placed a strong emphasis on…
