“We have made it our mission to focus on partnering with our insureds to provide risk management solutions with access to third-party vendors that offer best-in-class threat prevention controls and security measures,” said Michael Palotay, president of Tokio Marine HCC – CPLG. “We manage risk by utilizing big data and AI technology to review thousands of potential threats, identify the most dangerous ones, and inform our clients of their vulnerabilities so that they can make more informed cyber protection decisions to stay ahead of potential attacks.”
Tokio Marine HCC – CPLG has been a leader in specialty insurance for more than 40 years. It boasts a dedicated team of cyber insurance and in-house claims experts. In addition to reviewing cybersecurity controls, the company uses artificial intelligence during the underwriting process to accommodate the exposure, claims and loss history of each risk.
“In the near future, we are committed to being forward-thinking in our approach and will continue to develop innovative products and services to meet evolving threats,” Palotay said. “Our philosophy is to identify gaps in the marketplace and create effective solutions. We are laser-focused on staying ahead of the curve, investing in emerging technologies such as AI and advanced analytics.”
Tokio Marine HCC – CPLG policyholders have access to free online training, phishing training and simulation, and compliance materials.
Source: Insurance Business