Insurance agency Ensurance (ASX: ENA) has launched a potentially pivotal cybersecurity insurance solution which is set to expand its existing inventory of partnerships with some of the world’s largest insurance providers, including Lloyd’s, Swiss Re and XL Catlin.
The product was launched via the company’s wholly-owned subsidiary, Ensurance UK, and was underwritten by leading global speciality insurer Beazley. It is set to further extend its capacity to underwrite large wholesale policies globally.
The newly-launched product provides comprehensive privacy breach response management and information security insurance to enable policyholders to quickly return to business as usual, following a cyber-attack or data breach.
The policy is being made available to any business responsible for handling customer data, thereby expanding Ensurance UK’s target market with another specialist insurance product.
Furthermore, Ensurance says the offering complements the company’s existing portfolio of specialist…