Markets/Cover: Cyber ​​MGA Resilience Cover Tech E & O in the UK and the European Union launches

Flexibility, which specializes in electronic risk solutions, has announced the introduction of coverage of technological errors and negligence (Tech E & O) in the United Kingdom and Europe, through a new partnership with approved insurance.

Flexibility now provides TECH E & O coverage for customers of more than 50 million pounds or 25 million euros of annual revenue in the United Kingdom and Europe, respectively.

Under this coverage, flexibility provides protection for devices, programs, telecommunications providers and web services, with up to 10 million pounds or 10 million euros for the United Kingdom and Europe, respectively, for both primary and appendix.

A reservation poll from IT leaders and security leaders in UK companies found more than 100 million pounds in the fourth quarter of 2024, in partnership with Yougov, that work interruption was the main concern for 72 % of institutions. Moreover, it was cited as the main reason for companies in the United Kingdom, with 38 % of such claims. Tech E & O aims to address this matter, and protect technology companies from responsibility.

Tech E & O support customers in alleviating and covering the responsibility arising from technological products and services, which is the cornerstone of building Internet elasticity. Flexibility solutions, which provide customers with financially installed risk models, data -based electronic procedures plans, support from subscription teams and high experience demands, make them uniquely equipped to manage the risk of complex technology E & O.

The company said this week that flexibility increases the expansion of the capacity to customers by more than 10 billion pounds or 10 billion euros of annual revenue, providing mediator partners more options in serving the complex cybersecurity risks.

Big companies are more harmonious for Internet risks. According to surveying flexibility in the United Kingdom for the year 2024, twice the number of large companies compared to its smallest counterparts in the seller that is effective, and large companies are likely to consider the seller’s interruption a major concern. With the risk of sellers that constitute approximately a quarter of the flexible material claims in 2024, institutions need protection from the most complex risks to prevent losses.

Both large institution and technology capacity are available now.

“Technology is included in the operations of each company and technology companies deserve a partner who realizes its complex needs and can help them stay in the top of advanced threats.”

Jenner added: “Our new TECH E & O O covers, in addition to our current online insurance offers and Internet risk identification programs, provides a more comprehensive solution and managing the integrated risks of our customers.”

About flexibility

I have flexibility, the Public Administration of San Francisco, also a team in New York, Chicago, Los Angeles, Busimore, Toronto, London and Dublin. Flexibility provides insurance coverage through licensed and appointed insurance agents, and security services through the expert security team. The resolution of flexibility is available through all the intermediary partners for customers in the United States, the United Kingdom, Canada and Europe.

Source: Flexibility

Subjects
Cyber ​​Insurtech EuropE Tech New Markets Insurance in bulk