Search Any Latest Music Below

UK General reveals personal lines cyber offering

Leeds-based UK General Insurance has today unveiled a new
personal cyber protection product, which it says is aimed at ‘the
man and woman on the street.’
Developed in partnership with the MGA’s capacity partner,
Munich Re, the offering is a departure for the cyber insurance
market which has been predominantly focused on corporations
and mid to high net worth clients.

Search and compare product listings for Cyber Insurance from
specialty market providers here
The rise of smartphones and social media and the continual
advancement of technology has led to a significant increase in
cybercrime and cyberbullying, UK General’s chief commercial
officer, Matthew Schofield said.

“It’s a rapidly growing area and it’s a product that’s in response to
that,” Schofield said. “Our cyber product is a first in the personal
lines market offering protection against certain forms of
cybercrime affecting ordinary people every day. These crimes
typically include online fraud, hacking and cyber bullying.”

The cyberbullying component of the product will see
policyholders covered for having a specialist service provider
remove online material, such as images or defamatory
information. The recovery of insured data is also covered.
“Once [the information] is out there it’s typically very difficult to
pull back, but the technology that we use can actually pull that
back quite quickly and quite easily,” Schofield said.

As well as covering online sales and shopping fraud,
policyholders are offered protection for the online theft of
personal funds – which is becoming more common as phishing
emails become harder to spot.
“As cybercrime gets more and more sophisticated, people are
being duped into giving away their card details…these are now
very sophisticated emails that you do have to stop and think
twice about when you see them,” Schofield said.

“If you do give them your card details, your bank won’t cover
you because you’ve given away your details. That’s when our
product will respond.”
Alongside significant intelligence from Munich Re, the product
was developed with the input of a focus group of brokers –
resulting in a “bespoke” product that will be distributed by
brokers as an add-on or stand alone.
In the future, there are plans to add extra coverage around the
IoT (internet of things) as smart home technology continues to
grow in popularity, and Schofield predicts that the wider personal
cyber market will expand rapidly in the coming years.

“This is an exciting opportunity for UK General that addresses a
growing customer need,” he said. “We’re responding with an
innovative solution and believe there will be high demand for this
form of protection.”

Olamide New Songs
Davido New Songs
Phyno New Songs
Ghana Music Songs
olamide latest Songs
shatta wale new 2019 songs
AKA latest Songs
latest music 2019
latest songs 2019
latest 2019 Naija Music
davido new 2019 songs
latest South Africa Music 2019
wizkid new 2019 songs
2019 latest songs
tekno new 2019 songs
sarkodie new 2019 songs
Phyno new songs
latest Ghana songs 2019
latest Nigeria music 2019
new Naija music 2019
Latest Burna Boy 2019 Songs
Latest Falz 2019 Songs
Latest Patoranking 2019 Songs
Latest Tiwa Savage 2019 Songs
Latest Harrysong 2019 Songs
Latest Emtee 2019 Songs
Latest Runtown 2019 Songs
Latest Flavour 2019 Songs
Latest Timaya 2019 Songs
Latest Distruction Boyz 2019 Songs
Latest Nasty 2019 Songs
Latest Dremo 2019 Songs
Latest CDQ 2019 Songs
Latest Yung6ix 2019 Songs
Latest Lil kesh 2019 Songs
Latest Reekado Banks 2019 Songs
Latest Dbanj 2019 Songs
Latest Ycee 2019 Songs
Latest Simi 2019 Songs
Latest Yemi Alade 2019 Songs
Latest Kizz Daniel 2019 Songs
Latest Dammy Krane 2019 Songs
Latest Reminisce 2019 Songs

About Author

About

Related Posts

Leave a comment

     

Name Below (Required)      

       

       
© 2018 MP3GIST.COM Mp3 Mp4 Mkv Videos And Music Download. flexyjam, fakaza, hiphopza, naijaloaded, tooxlcusive, waploaded, netnaija, 9jaflaver
About us || Content Removal ||Privacy Policy || Contact us || Advertise Here