Partnering with and Protecting the Infosec Industry
Infosec is one of the fastest growing industries globally, with growth comes risk, Elmore has developed a InfoSec insurance solution.
Protecting business from the no.1 threat
With cyber risk being so high in the agenda for business, InfoSec is ever more in the spotlight to assessing, managing and responding to cyber events. InfoSec Insurance is required to manage the fallout in InfoSec services or products.
Some of the InfoSecs we serve:
Partner with Insurers
Elmore InfoSec Insurance
Rapid growth, scaling operations, increasing threat environment, reliance on networks, systems, data, cloud technology, and outsourced service providers exposes an InfoSec to an array of risks.
Changes to data protection regulation, perception to corporate responsibility and increased media attention towards InfoSec’s have focused the importance of effective network and data security risk management.
The Elmore InfoSec insurance solution:
Support inmitigating risk
Arranging risk transfer with Bankers Insurance
Claims Support and Response
Elmore InfoSec Insurance –
The following cover can be combined in one policy or offered in separate policies:
Management Liability (D&O)
- Claims by regulators
- Claims by shareholders
- Claims by employees
- Claims by other stakeholders
Professional & Technology Liability
- Claims by customers
- Claims for failure of service
- Claims for failure of advice
- Mitigation costs to put right
Cyber & Crime
- Event management
- Reputation management
- Financial loss incl. fines
- Cyber liability
Office & Employee Insurance
- Property and equipment
- Employers liability
- Public liability
- Travel insurance
Multi-National InfoSec Programme Management
Elmore’s network of established insurance partners around the world allows for a Global Insurance Programme. With the requirement to have local policies while being coordinated by one centralised function it can allow better compliance and visibility into the global requirementsMULTI-NATIONAL INSURANCE PROGRAMMES
With a captive audience and engaged users why not consider cross selling
insurance solutions along side the Bankers offering adding value to
customers, differentiating your offering and brining a new income stream for the business.
- Add value
- Differentiate offering
- Additional revenue source
Elmore delivers bespoke and innovative programmes for both consumer and business users, get in touch to learn more.PARTNER WITH INSURERS
For a InfoSec to partner successfully with it’s key clients, it must manage the breadth and depth of not only its clients but also its own risk management.
In particular, the InfoSec must understand the operational risk considerations that a stakeholder will need to go through before engaging them. This affects the presentation of value proposition, expectations of time to revenue, product design, and cultural engagement.
The below diagram represents the benefits of mitigating and reducing risk to optimise risk transfer through insurance: