WTW launches cyber insurance coverage for SMEs

WTW has launched a new cyber insurance offering for small and medium-sized enterprises with annual revenues under $50 million.

The tailored solution provides “quick and easy access” to competitive insurance quotes through self-service quoting platforms. WTW has initially partnered with Coalition, CFC, Cowbell and Chubb to provide coverage.

According to a company spokesperson, brokers are currently facilitating the transaction but WTW continues to invest in technology around making the process more efficient in the future for insureds.

“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. 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.” – Jessica Klipphahn, NA Head of MM Cyber/E&O at WTW.