Chubb launches online trading platform for cyber
19 December 2019
Chubb‘s new Marketplace online trading platform has launched in Australia with cyber risk protection for small and medium enterprises.
The platform can be accessed directly as well as through Ebix-owned Sunrise Exchange, and allows brokers to interact with Chubb electronically to quote, bind and endorse the Cyber Enterprise Risk Management product.
Cyber is the first policy in a suite of SME products that will be available on Chubb Marketplace in Australia. Brokers will also soon be able to trade professional indemnity, IT liability and casualty on the platform.
Chubb says the platform has been developed to efficiently deliver cyber policies for businesses with an annual turnover of up to $25 million, and is supported by specialist underwriters for product enquiries and underwriting referrals.
Country President Australia & New Zealand Jarrod Hill says the new product will help brokers improve the cyber-resilience of small and medium businesses.
“Our 2019 SME cyber preparedness research found that only 27% of SMEs in Australia had cyber insurance,” he…
