View this article online: https://www.insurancejournal.com/news/national/2020/05/28/570244.htm
AAIS (the American Association of Insurance Services) and Berkley Re Solutions, a Berkley Company (BRS), have launched Family Cyber Protection Solution, a new product designed to protect consumers as cyber threats and crimes continue to increase.
The Family Cyber Protection Solution contains up to seven of the most common cybercrimes impacting families today: online extortion, social engineering, cyber bullying, identity theft, system compromise, internet cleanup and breach costs.
The policy can help families recover by providing financial support for unexpected costs related to cyber-attacks.
The Family Cyber Protection Solution combines the potential availability of BRS’s reinsurance with AAIS advisory services.
According to Christopher Ellis, senior vice president & chief marketing officer from BRS, the company will work directly with carriers and reinsurance brokers to tailor potential programs for each carriers’ specific risk management goals and work in conjunction with AAIS’ approach to form creation, and their manual and filing process.
Established in 1936, AAIS serves the Property & Casualty insurance industry as a nonprofit advisory organization governed by its member insurance carriers. AAIS delivers tailored advisory options including policy forms, rating information and data management capabilities for commercial lines, inland marine, farm & agriculture and personal lines insurers.
Berkley Re offers complete insured offerings for insurance carrier partners. Reinsurance products and services may be provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Berkley Re Solutions is a member company of W. R. Berkley Corporation.