PLYMOUTH, Minn., Nov. 11, 2020 /PRNewswire/ -- Intact
Insurance Specialty Solutions, the brand for Intact Financial
Corporation's (TSX: IFC) U.S. insurance company subsidiaries,
announced today its new cyber insurance solutions delivered in
partnership with program manager Resilience Insurance. By
innovatively blending Resilience's cyber analytics technology with
Intact's risk transfer capabilities, the companies are enhancing
the breadth of risk mitigation available to the cyber insurance
market.
"We are very pleased to be partnering with the Resilience team,
whose track record and deep expertise in the cyberrisk space
parallels our hallmark specialized approach to the marketplace,"
said Mike Miller, President of U.S.
and Intact Insurance Specialty Solutions. "Our new partnership with
Resilience comes at an exciting time for us all, and positions us
well for future growth and opportunity."
Through this opportunity, standalone cyber coverages coupled
with cyberrisk assessments and technical risk engineering will be
available to commercial middle-market clients through select retail
brokers. This specialized approach for mitigating cyberrisk through
a dedicated team of experts, coupled with Resilience's patented
cyberrisk technology, accelerates addressing the pervasiveness of
cybercrime. Coverages will initially be written on non-admitted
paper.
"We first launched Resilience to secure enterprises from cyber
threats by blending cybersecurity expertise, intelligent risk
assessments and risk transfer," shared CEO and Co-Founder of
Resilience, Vishaal, known among the industry as "V8,"
Hariprasad. "Resilience delivers a new way of evaluating and
transferring cyberrisk, offering solutions that allow us to deliver
better underwriting while reducing our insured's likelihood of
falling victim to cybercrime."
By transforming how risk is measured and assessed, Resilience
Insurance will enable companies to be more proactive against
cybersecurity attacks, with coverages provided by Intact
Insurance's A.M. Best "A+" rated underwriting companies.
"Resilience is reinventing cyber insurance by aligning our
interests with those of the companies we insure," said Mario Vitale, President of Resilience.
"Combining dynamic cybersecurity technology with senior
underwriting talent mitigates risk prior to policy issuance and
encourages insured companies to maintain a vigilant security
posture. Superior claims service then sets Resilience apart in the
event of a cybercrime incident."
For additional information on Resilience Insurance please
contact Tom Gamble at
thomas@resilienceinsurance.com, Vic
Marchetti at vic@resilienceinsurance.com or visit the
company's website: www.resilienceinsurance.com.
Intact Insurance Specialty Solutions' underwriting companies
offer a broad range of specialty insurance products through
independent agencies, regional and national brokers, wholesalers
and managing general agencies throughout North America. Each business is managed by an
experienced team of specialty insurance professionals focused on a
specific customer group or industry segment, and
providing distinct products and tailored coverages and
services. For information about products and services visit
intactspecialty.com (U.S.) and
intactspecialty.ca (Canada).
About Intact Financial Corporation
Intact Financial
Corporation (TSX: IFC) is the largest provider of property and
casualty (P&C) insurance in Canada and a leading provider of specialty
insurance in North America, with
over CAD$11 billion in total annual
premiums. The Company has approximately 16,000 employees who serve
more than five million personal, business and public sector clients
through offices in Canada and the
U.S.
In Canada, Intact distributes
insurance under the Intact Insurance brand through a wide network
of brokers, including its wholly-owned subsidiary BrokerLink, and
directly to consumers through belairdirect. Frank Cowan Company, a
leading MGA, distributes public entity insurance programs including
risk and claims management services in Canada.
In the U.S., Intact Insurance Specialty Solutions provides a
range of specialty insurance products and services through
independent agencies, regional and national brokers, and
wholesalers and managing general agencies. Products are
underwritten by the insurance company subsidiaries of Intact
Insurance Group USA, LLC.
About Resilience
Resilience provides comprehensive
insurance coverage and patented cybersecurity tools to protect
mid-market companies. By bringing together security, insurance, and
recovery, Resilience goes beyond risk transfer to help clients
become cyber resilient. Resilience Insurance, the cyber program
manager of Intact Insurance Specialty Solutions – rated A+ by A.M.
Best – leverages Cyber Meteorology, a proprietary data-driven risk
analytics platform, to provide highly targeted coverage and
allowing for a superior claims experience. Resilience is backed by
Lightspeed Venture Partners, Founders Fund, CRV, Intact Ventures,
UL Ventures and John Thompson,
Chairman of Microsoft. For more information, visit
www.resilienceinsurance.com and follow us on Twitter and
LinkedIn.
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SOURCE Intact Insurance Specialty Solutions