“ ’Tis the season to be safe ”
Toronto, ON (Dec. 14, 2020) – BOXX Insurance is pleased to announce the launch of its latest cyber product, Cyberboxx Home Edition, designed for consumers and families to help protect against personal cyber threats.
Cyberboxx Home Edition is an all-inclusive insurance solution that integrates specialist cyber insurance, incident response and preventive services. Cyberboxx Home membership includes Equifax Consumer Service’s premium credit monitoring service. The Insurance element is underwritten by HSB Canada, part of Munich Re. In the event of a claim, Cyberboxx members have 24/7 access to BOXX’s specialist breach response team known as the Hackbusters™ to provide immediate assistance.
BOXX has quickly established a proven track record of helping small to medium sized businesses stay ahead of cyber threats and is now bringing its know-how to protect consumers.
“When it comes to protecting your family and home, digital threats are collectively the biggest uninsured gap for most households in Canada.” said Till Heydel, VP Strategy & Development for HSB Canada. “HSB Canada has the cyber risk underwriting expertise to support BOXX’s mission.”
The number of digital attacks targeting consumers has surged in 2020. The Pandemic has accelerated the popularity of online shopping which leads to greater exposure to digital threats. According to a recent survey† by Equifax Canada, 65 per cent of shoppers in their most recent survey said they were likely to shop online this holiday season.
‘We share BOXX’s goal to make the digital world a safer place for families and individuals’, Joel Heft, Senior Vice President at Equifax said. “Cyberboxx Home Edition assists families’ with their digital wellness as well as providing experts and coverage to help them respond and recover from a digital attack or incident”
Cyberboxx Home Edition includes coverage for attacks to computers and connected home devices, as well as online fraud, cyber extortion, privacy breaches and cyberbullying. “Families know more now about the threats they face online and are rightly concerned about the digital safety of their families, their privacy and financial security,” said Vishal Kundi, CEO of BOXX Insurance, “and we are here to close that worry gap for individuals and families.”
The product will be available in early 2021 through insurance brokers that specialise in personal insurance and employee benefits.
† Equifax Canada: Pandemic Impact on Holiday Shopping: Budgeting, Big Purchases and Personal Debt (Nov. 24, 2020).
About Boxx Insurance
BOXX Insurance Inc. is a new type of insurance company for a new type of risk. We work closely with the most respected insurance and technology partners to provide solutions that help small businesses and families manage their total cyber risk exposure. Our flagship product, Cyberboxx™, is the first fully-integrated cybersecurity and insurance solution for small-to-medium-sized businesses and families. For more information, visit boxxinsurance.com.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employees, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 11,000 employees worldwide.
About Hartford Steam Boiler (HSB)
HSB Canada, part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management and IoT technology services. HSB Canada’s insurance offerings include equipment breakdown, cyber risk and other coverages. HSB blends its engineering expertise, technology and data to craft inventive insurance and service solutions for existing and emerging risks posed by technological change. Throughout its 150-year history HSB’s mission has been to help clients prevent loss, advance sustainable use of energy and build deeper relationships that benefit business, public institutions and consumers. HSB holds A.M. Best Company’s highest financial rating, A++ (Superior). For more information, visit www.hsb.com.
About Munich Re
Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake through to the 2019 Pacific typhoon season. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyberattacks, or pandemics. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.
SOURCE: Hottake MediaTags: Boxx Insurance, Cyber Insurance, Equifax, Hartford Steam Boiler (HSB), launch