HSB will provide insurance capacity to support custom tailored cyber insurance through Zeguro
SAN FRANCISCO and LONDON - May 17, 2018 - Zeguro, a pioneer in cyber risk management for small and medium-sized enterprises, and Hartford Steam Boiler (HSB), a leader in technology and cyber insurance, today announced their partnership to provide cyber insurance to small and medium enterprises. Through this agreement, HSB, part of Munich Re one of the world’s largest reinsurers, will provide capacity to support Zeguro’s newly announced cyber insurance offering for these businesses.
Zeguro provides technology to help small and medium enterprises manage their exposure to cyber threats through their Virtual Cybersecurity Officer. With the ability to continually identify and mitigate risk, they are able to offer companies the appropriate insurance policy to protect them against cyber threats. Now, with the support and partnership of HSB, they are able to provide HSB capacity to support their cyber insurance offering.
“We are very excited to be working with HSB, as they have proven a long-standing success at insuring businesses that are exposed to new technology challenges. HSB’s historic focus on risk mitigation aligns with our vision, creating a perfect partnership for the long term,” says Sidd Gavirneni, CEO of Zeguro.
“With this partnership, businesses can now buy cyber insurance tailored to their business in a few clicks, from within our platform.”
Cyber attacks are a huge challenge for small and medium enterprises, companies that generate less than $100 million dollars. More than half of U.S. businesses (53 percent) have experienced a cyber attack, according to a survey of businesses conducted by Zogby Analytics for HSB. By providing the technology to identify and manage risk, Zeguro is able to decrease the risks that a company may face in their people, processes and technology that currently leave them vulnerable.
“Zeguro has developed a unique risk mitigation service that is easy to use, provides continuous security and delivers customized training,” said Stephanie Watkins, senior vice president HSB.
Zeguro complements their license to sell cyber insurance as a Managing General Agent (MGA) with their Virtual Cybersecurity Officer risk management platform. Small and medium enterprises that sell their products and services to large organizations can use Zeguro to assess and mitigate their cyber risks and document their approach to corporate customers as ongoing validation of their attention to maintaining good cyber health.
Zeguro reduces and insures the threat from cyber attacks for small and medium enterprises. Their Virtual Cybersecurity Officer identifies risks, delivers best practices to reduce exposure, and provides insurance against damage caused by cyber attacks. The seed-stage company was founded by two cyber security experts and is based in San Francisco with additional operations in the UK. Visit Zeguro at www.zeguro.com or on LinkedIn and Twitter.
Hartford Steam Boiler (HSB), a member of Munich Re’s Risk Solutions family since 2009, is a leading specialty insurer providing equipment breakdown, other specialty coverages, inspection services and engineering-based risk management that set the standard for excellence worldwide. We focus on clients and partner with them to craft inventive insurance and service solutions to cover existing and emerging risks posed by technological change. Today, as throughout our 150 year history, our mission is to use our engineering knowledge and insights to help clients prevent loss, advance sustainable use of energy resources and build deeper relationships that benefit business, industry, public institutions and consumers. HSB holds A.M. Best Company’s highest financial rating, A++ (Superior). For more information, visit www.hsb.com and connect on LinkedIn, Twitter and Facebook.