Add-On Demonstrates QBE’s Focus on Offering Innovative Solutions and Delivering Value to Customers
New York, NY (Mar. 1, 2018) – QBE North America, an integrated specialist insurer, is pleased to announce the inclusion of data breach planning services in all Cyber policies, giving policyholders a simplified approach to the development of an actionable cyber breach response plan. The company is initially offering these services through Breach Plan Connect®, which will be included in The Solution for Cyber Risk, and gives QBE’s customers the ability to access the plan whenever and wherever needed in response to a cyber event.
The Solution for Cyber Risk is a comprehensive product suite that addresses potentially devastating exposures, and protects businesses in the event that sensitive or protected data is compromised. Policyholders now have access to the insurance coverage they need complemented by seamless access to their data breach response plan if a cyber event occurs. The company also offers access to its eRiskHub® portal, which offers cyber risk management guidance prior to an event.
“Providing value-added services is in line with our strategy to help customers manage risk better from end-to-end. A single network attack or data breach can severely disrupt business and have significant financial consequences. Responding quickly and efficiently makes all the difference to a business’ reputation and bottom line,” said Steven Anderson, Vice President, Underwriting for QBE. “Embedding this product in our cyber policies will ensure that our policyholders will have the tools they need when they are at their most vulnerable moments.”
Breach Plan Connect® simplifies the data breach planning process by offering a checklist that includes best practices to follow in the event of a data breach and specific breach-focused responses, as well as links to QBE’s eRiskHub® portal, also powered by NetDiligence®. Most importantly, risk managers can customize the response plan to suit the needs of their organizations and, since it is a cloud-based Software as a Service (SaaS), the plan can be accessed anywhere, anytime, from any device. The product also gives businesses the option to take a pre-breach cyber risk self-assessment to determine their current level of protection and what they need to do to strengthen it.
“We are thrilled to partner with QBE and proud of our new Breach Plan Connect® product, which truly simplifies the process of planning for and responding to a data breach,” said Mark Greisiger, President of NetDiligence. “We make it easier for companies to manage their cyber risk during any situation.”
NetDiligence® is a leading provider of cyber risk readiness and response services. Since 2001, NetDiligence® has conducted thousands of enterprise-level cyber risk assessments for a broad variety of organizations, including public entities, financial services companies, retailers, software developers, medical providers and universities. NetDiligence® services are used by leading cyber liability insurers in the U.S. and U.K. to support both loss-control and education objectives. The NetDiligence® eRiskHub® (https://eriskhub.com) is licensed by a majority of cyber liability insurers to provide educational and loss-control services to their policyholders. NetDiligence® also publishes an annual Cyber Claims Study and hosts annual Cyber Risk Conferences in Philadelphia, Santa Monica, Toronto and London. For more information, visit https://netdiligence.com.
QBE North America is part of QBE Insurance Group Limited, one of the largest insurers and reinsurers worldwide. QBE NA reported Gross Written Premiums in 2016 of $4.6 billion. QBE Insurance Group’s 2016 results can be found at www.qbena.com. Headquartered in Sydney, Australia, QBE operates out of 37 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business through its property and casualty insurance subsidiaries. The actual terms and coverage for all lines of business are subject to the language of the policies as issued. QBE insurance companies are rated “A” (Excellent) by A.M. Best and “A+” by Standard & Poor’s. Additional information can be found at www.qbena.com.
SOURCE: QBETags: cyber risk, data breach, NetDiligence, QBE