CPP Group UK has secured a three-year contract with Partners& on its cyber security offering.
Cyber Insurance by CPP Secure is now available through Acturis after Partners& selected the administration platform as a technology partner. The insurance policy was originally launched on Acturis by CPP in October 2019.
Carl Carter, CEO at CPP Group UK, said: “Existing cyber products are often unnecessarily complex and unsuitable for the SME market, despite those businesses forming 58% of cyber victims. Like CPP, Partners& recognised this, and extending our partnership to include our specialist cyber insurance product has been one of the ways we’re striving together to bring about change.
“By giving Partners& advisers access to both KYND’s disruptive tech and CPP Secure’s tailor-made features, we’re arming SMEs with a range of bespoke preventative and protective measures that empower them to effectively tackle cyber risk.”
In 2018, UK SMEs paid £13.6bn in recovery from cyber attacks, yet uptake of cyber insurance remains low at 12.7%.
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