Check out the latest changes to Cyber Insurance on the WebRater:
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Simplified question set From 14 questions down to just eight core questions. |
Expansion of occupations We have expanded our underwriting appetite to include many legal and financial industries.
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Relaxed requirements for obtaining social engineering fraud coverage Dual authentication for funds transfers – threshold increased from $2,000 up to $10,000. Inclusion of a long/complex password option in the absence of multi-factor authentication for accessing banking/financial platforms. |
Increase in social engineering cover (certain occupations) The available social engineering cover for accountants and real estate has increased from $2,000 up to $10,000. |
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Furthermore, if you're looking for higher limits, we can now look to quote cyber specialty limits up to $10m (previously $5m) via a specialty DUAL underwriter.
If you have any questions on these coverages or product changes, please feel free to contact your DUAL Cyber underwriter.
*This change is subject to DUAL’s underwriting criteria and may be amended, withdrawn, or varied at any time without prior notice. Changes may occur due to shifts in market conditions, claims experience, regulatory updates, or internal risk appetite.
Any product information discussed in this blog is subject to the terms and conditions of the policy, eligibility criteria, any additional premium for optional cover, limitations and exclusions.
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The information contained in this blog is intended for licensed insurance brokers and other authorised intermediaries only. DUAL issues insurances on behalf of Certain Underwriters at Lloyd’s of London and/or HDI Global Specialty, acting as their agent. The information is of a general nature and does not take into account the objectives, financial situation or needs of any person. It is intended for the use of professional intermediaries who are expected to consider whether it is appropriate for their clients. Before recommending or offering any insurance product, intermediaries should read the policy wording and assess whether the product is suitable for their client’s circumstances. These are available on request or via our website at DUAL New Zealand.