WTW unveils SMEs’ game-changing cyber insurance coverage.

February 3, 2024
1 min read
WTW, a prominent player in the insurance industry, has introduced a groundbreaking cyber insurance product specifically tailored for small and medium-sized enterprises (SMEs) with annual revenues below $50M. This strategic move aims to address the unique challenges that SMEs encounter in the cybersecurity landscape, according to The Coverager.

Recognizing the increasing importance of cybersecurity, WTW is dedicated to providing SMEs with affordable and comprehensive coverage, transforming how these businesses approach and manage cyber risks.

WTW’s latest cyber insurance for SMEs ensures swift access to competitive quotes through user-friendly self-service platforms, simplifying the typically intricate process. It has achieved this in collaboration with industry leaders like Coalition, CFC, Cowbell, and Chubb. It is hoped that this will provide SMEs with access to coverage that is both affordable and extensive, resolving challenges previously faced by small businesses in this critical area.

Jessica Klipphahn, NA Head of MM Cyber/E&O at WTW, said, “This moment signifies a transformative effort, dedicated to addressing the distinctive challenges SMEs face in the realm of cybersecurity. Through strategic partnerships with top-tier cyber insurance carriers and the delivery of resources, we assure SMEs access to affordable and comprehensive coverage. This initiative not only resolves concerns previously facing SMEs but also positions cybersecurity as an integral and manageable component of their business strategy and enterprise risk management.”

Latest from Blog

Your Daily InsurTech Briefing – 2024-02-21

Let’s see what’s in the news today. Sure launches innovative offering to liberate insurance industry from legacy vendors Sure, a leading insurance technology provider, has unveiled its latest innovation that liberates carriers,

Tech insurance careers: where AI meets opportunity.

TLDR: Sedgwick Insurance claims administration is offering early career professionals stability, innovation, and impact. Role-based automation leveraging AI tools is transforming the insurance industry. Sedgwick Insurance claims administration has become a desirable

Your Daily InsurTech Briefing – 2024-02-20

Let’s see what’s in the news today. Pekin Insurance implements Guidewire Cloud to power core business Pekin Insurance, an Illinois-based multi-state property and casualty (P&C) insurer, has announced that it has implemented

Customer experience is crucial for InsurTech success.

TLDR: InsurTechs need to focus on customer experience to attract and retain clients. Technology, automation, simplicity, and personalization are key elements in enhancing customer experience. In today’s business landscape, customer experience (CX)