Burns & Wilcox expands personal insurance capabilities, launches cyber protection product line
Farmington Hills, MI (Oct. 26, 2020) – Burns & Wilcox, North America’s leading and largest personal insurance wholesale broker and underwriting manager, is pleased to announce the launch of Cyberman365, a new exclusive product line that mitigates Personal Cyber risks for individuals, families and homes.
A collaboration between Burns & Wilcox and Node International, Cyberman365 provides personal cyber protection for the entire household, including individuals, children, and home network devices, through two digital wellbeing products: IDNotify and Homesafe. The products are now available to insureds exclusively through certified insurance brokers and agents appointed with Burns & Wilcox.
While individuals and families are spending more time online to work, attend classes and socialize, cyber criminals are increasingly taking advantage of security vulnerabilities. According to the FBI’s Cyber Division, there has been a 300 percent increase in cybercrime activity since the start of the COVID-19 pandemic, and in 2019, there was $3.5 billion reported as losses related to fraud recovery among adults and children. The threat of attacks on smart devices, like routers, cameras and smart locks, also continues to increase as more are connected with in-homes devices, resulting in a need for more preventive and protective options.
“Cyberman365 provides a holistic approach to cybersecurity by offering prevention, detection and insurance,” said David Derigiotis, Corporate Senior Vice President, National Professional Liability Practice Leader, Burns & Wilcox. “At Burns & Wilcox, we understand families need more solutions and efficiencies, especially in the current environment, which is why we leveraged the expertise of our Professional and Personal Insurance Practice Groups to create these options and bring value add for brokers and agents. As a result of the teams’ innovations, both practice groups have experienced significant growth over the past year, achieving an increase of more than 30 percent in new business.”
Cyberman365 IDNotify provides round-the-clock monitoring of personal data – financial, medical and social – and will alert users of any use of personal data. If users become a victim of identity theft, a Fraud Resolution Agent will deliver step-by-step support to investigate and restore their identity. Cyberman365 Homesafe actively monitors internet-enabled devices inside the home, identifies vulnerabilities, provides insights for improved security and remediates cyberattacks, all backed by the insurance policy.
“Launching Cyberman365 has been a truly collaborative process between Node International and Burns & Wilcox and it shows the innovation and forward-thinking our global team brings to our brokers, agents and partners,” said Bill Gatewood, Corporate Senior Vice President, National Personal Insurance Practice Leader, Burns & Wilcox. “We look forward to leveraging these tools to help reduce losses and further cement our competitive advantage in the Personal Insurance and Professional Liability markets we serve.”
For more information on how to become certified and the commission structure, click here.
About Burns & Wilcox and Node International
Burns & Wilcox is the industry’s leading wholesale insurance broker and underwriting manager internationally recognized for its expertise in commercial and professional liability, property, marine and personal insurance.
Node International is a London-based Managing General Agent dedicated to offering digital, cyber and technology insurance solutions. With a recent expansion into North America in 2020, the company recognizes in-depth knowledge, problem-solving strategies and value-added services are crucial to building long-term relationships with retail brokers.
H.W. Kaufman Group, parent company to Burns & Wilcox and Node International, has over 60 offices across the United States, Canada, and the United Kingdom and employs more than 2,000 professionals. Founded in 1969 and headquartered in Metro Detroit, H.W. Kaufman Group also includes: Burns & Wilcox Brokerage, Burns & Wilcox Canada, Atain Insurance Companies, Afirm, Global Excess Partners, RB Jones, Stonemark, Minuteman Adjusters, Kaufman Institute, and London-based, Chesterfield Insurance Brokers, Lochain Patrick, Cranbrook Underwriting, and Burns & Wilcox United Kingdom. More information can be found at www.hwkaufman.com.
SOURCE: Burns & Wilcox CanadaTags: Burns & Wilcox, Cyber Insurance, launch