Travelers Companies has rolled out a new service called Travelers Cyber Risk Services. This suite is designed to enhance its cyber liability policies, aiming to help businesses reduce the risk of cyberattacks and lower recovery costs if they do occur.
The service includes several valuable features. One standout is the Cyber Risk Dashboard, which is available 24/7. This tool allows users to monitor their cyber risks continuously, track improvements over time, and access tailored recommendations based on their specific situation. Additionally, it connects them with a network of preferred vendors who offer various cyber-related services.
Another key feature is expert guidance. Travelers has a dedicated team on hand to provide advice, helping policyholders strengthen their cybersecurity measures and minimize risks. Customers will also benefit from personalized onboarding, which includes a one-on-one consultation with a cyber expert. During this session, they will review security reports and discuss actionable steps to enhance their company’s safety.
The launch of Travelers Cyber Risk Services is part of a broader effort by the company to improve its cyber offerings. Recently, Travelers acquired Corvus, a managing general underwriter specializing in cyber insurance.
In another development in the insurance sector, Willis, a WTW business, has introduced AdWrap. This new insurance program is tailored for businesses involved in marketing and advertising production in the U.S. AdWrap aims to simplify production insurance for in-house teams, third-party vendors, and social media influencers, all while ensuring comprehensive protection and controlling costs.
AdWrap features customizable coverage that protects various production types, including live-action, digital, print, and social media, from pre-production to airdate. It also offers cost transparency by providing direct coverage with premiums that reflect individual risks and claims history, eliminating typical vendor mark-ups.
Backed by a team of media and entertainment professionals, AdWrap promises expert support and global reach. Clients will receive 24/7 assistance, making it easier to manage production risks no matter where their projects take them.
These new offerings from Travelers and Willis highlight the ongoing evolution in the insurance industry, as companies strive to meet the changing needs of businesses in an increasingly digital world.