EMERGENCE WINS DOUBLE GOLD

15 November 2018

Emergence Insurance has the winning formula.

 

Australia’s only dedicated, broker-focused cyber insurance underwriting agency has won two gold medals for being the top brokers’ pick and having the best cyber policy in the Insurance Business magazine awards.

 

MD Troy Filipcevic says the awards – voted by brokers – demonstrate that Emergence, launched just over three years ago, is “fast, nimble and good at what we do”.

 

Broker feedback from the awards, supplied by Insurance Business, identified that you like the policy’s simplicity and broad cover; our underwriters’ “superior knowledge” and “in-depth product training”; and our back-up service and onshore claim processing.

 

Since Emergence started, we’ve been educating brokers on cyber risks so you’re more comfortable explaining the product to clients.

 

Emergence hosts quarterly webinars, which now attract more than 1,000 participants, and engages regularly with brokers and their clients to explain the need for cyber insurance.

 

Emergence won a bronze award in 2016, silver in 2017, and topped that with gold this year for its cyber offering. The brokers’ pick award for its Cyber Event Protection policy wording was our third win in four years in that category.

 

Troy said: “Emergence is a niche underwriter. Our cyber experts are always on hand to help brokers navigate the risk with their clients and brokers have rewarded us for that.”

 

The policy wording is frequently upgraded to provide pertinent cover for the ever-changing dynamics of the cyber market. An enhanced online portal for brokers and a product upgrade were delivered in 2018.

 

“We’ve been 100% focused on cyber insurance for more than three years, writing across the breadth of the market, from start-ups to ASX-listed companies. Cyber is a specialised exposure and brokers should work with a dedicated cyber underwriter,” Troy said.

 

Brokers can obtain Emergence cyber quotations for clients by accessing the broker portal.

 

This blog is another cyber education initiative from Emergence.