Eye Underwriting Starts Collaboration with International Insurer Hiscox
Having obtained an AFM licence to provide insurance products, Eye Underwriting has now entered into partnership with Hiscox. Eye Underwriting can now take out cyber insurance in its own name with Hiscox as risk bearer.
Hiscox is the first insurer to back the new insurtech Eye Security, enabling companies to be protected and insured a lot quicker against the consequences of a cyber attack. Through a combination of technical measures and use of the right data to enable risk assessment to be carried out quickly and more efficiently, companies can also be insured within 24 hours. As a result, companies will find it much easier to stop worrying about cyber risk altogether, whatever sector they may be in.
Soaring cyber premiums
There are constantly new reports coming out about sectors increasingly becoming uninsurable and premiums that have risen by as much as 800% in 2022. It’s a growing problem for SMEs that are unable to cover essential risks as a result. This innovative solution makes these risks manageable and insurance of the remaining financial risks affordable and easy.
Wouter Goudswaard (Chief Commercial Officer Eye Security): “This is a problem that regularly comes up in my discussions with companies. We are pleased that we can now offer companies a sustainable solution that lets them focus on growth and continuity”.
Eye Security works with Eye Underwriting
The customer has a single central point of contact for cyber security. By providing a whole range of services including answering queries relating to insurance cover, acceptance, the issuing of policies and help with making claims. With the insurance provided by Eye Underwriting, customers can enjoy benefits such as an attractive premium and simple acceptance.
Arjan Halma (Managing Director Eye Underwriting): “I am very pleased with this major step forward. Having obtained an AFM licence, we have now made significant progress in our mission to take all the worry about cyber security off European companies’ hands together with international insurer Hiscox in the Netherlands”
Yasin Chalabi (Manager Professional Insurance & Cyber and Data Risks): “The partnership between Eye Underwriting, Eye Security and Hiscox has enabled us to find a solution to provide better protection for our customers. It is a win-win situation that will bring benefits for all the parties involved".
Read the full press release and more about Hiscox and Eye Underwriting here.