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Beazley and Generali in cyber partnership
Written by staff reporter
Beazley has partnered with Generali to offer, to create a new cyber insurance offering for its corporate and commercial clients operating in the Brazilian market. As part of the arrangement, Beazley will coordinate the breach response for policyholders, including IT experts, legal services, identity monitoring, notification and call centre services, and public relations.
"Cyber insurance is an area that has not been fully developed in Brazil. This offering fills a void created by new and emerging risks like cyber-risks, including ransomware. It is a market with strong interest and potential and we are confident that this new product will be a success. Our goal is to help our clients succeed in business, by adding value beyond the policy and being flexible, agile and adaptable”, said Werner Stettler, director of Generali Global Corporate & Commercial Brazil.
Paul Bantick, technology, media and business services focus group leader at Beazley, said: “We’re excited to partner with Generali GC&C Brazil and bring our cyber and data breach response insurance to the Brazilian market."
Beazley has supported clients in the handling of over 6,500 data breaches since the launch of its flagship product, Beazley Breach Response, in 2009.