The move aims to streamline the process of obtaining comprehensive cyber insurance coverage, ensuring SMEs have swift and efficient access to vital protection against digital risks. Through self-service quoting platforms, entrepreneurs can now easily procure competitive insurance quotes, thanks to WTW’s innovative approach.
WTW already collaborates with leading insurers including Coalition, CFC, Cowbell, and Chubb underscoring the company’s commitment to providing robust coverage options tailored to the unique needs of SMEs.
A spokesperson for WTW said that while brokers currently facilitate the transaction process, the company remains dedicated to leveraging technology to enhance efficiency for insureds in the future. With ongoing investments in technological advancements, WTW envisions a seamless and user-friendly insurance experience for SMEs, aligning with the evolving landscape of cybersecurity.
Jessica Klipphahn, NA Head of MM Cyber/E&O at WTW, said: “This moment signifies a transformative effort, dedicated to addressing the distinctive challenges SMEs face in the realm of cybersecurity. Through strategic partnerships with top-tier cyber insurance carriers and the delivery of resources, we assure SMEs access to affordable and comprehensive coverage.”
She added: “This initiative not only resolves concerns previously facing SMEs but also positions cybersecurity as an integral and manageable component of their business strategy and enterprise risk management.”
Author: Joanna England
