RGS to provide SMEs with cyber insurance following InsureCert deal

RGS (Royal Group Services) can now distribute cyber insurance policies to small and medium-sized businesses following new partnership with InsureCert.

As part of the deal, the product will be pre-rated for qualifying risks and distributed through the RGS broker network.

InsureCert is a Canada-based direct-to-consumer SaaS automation platform for P&C underwriting. The company enables agents to get real-time quotes, close deals, and receive commission payouts entirely online. The company operates as the front-line sales and distribution service, enabling clients to compare rates across all product lines.

RGS director Ted Richmond said, “InsureCert has made all of this possible with a cost-effective, all in one solution that allows us to administer the program for many agencies but administratively treat them all as one large agency under the InsureCert platform.”

Michigan-based RGS is an insurance firm offering a variety of protections for businesses. The company’s cyber liability program covers the unauthorised access of personally identifiable information, protects physical files, and safeguards employee theft of files or related information.

InsureCert CEO Craig Arnatt said, “We are grateful RGS shares our vision of helping agents win more sales by eliminating the friction, pain, and time of getting clients bound to a policy. We look forward to continuing to work with RGS building solutions that help everyone in the insurance vertical.”

There have been a number of companies to offer cyber insurance policies over the past year. Asian financial services platform DBS recently released its cyber policy to cover against cyberbullying, online privacy invasion and identity theft.

Earlier in the year, end-to-end cybersecurity platform Zeguro launched its cyber insurance policies into all 50 states.

Copyright © 2019 FinTech Global

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