Global insurance intermediary group Howden has introduced a new cyber insurance platform aimed at small and medium-sized enterprises, simplifying the process of obtaining coverage. Targeted at businesses with revenues up to $250 million, the platform allows users to purchase cyber insurance in just four steps, eliminating the need for lengthy questionnaires or complex jargon.
Supported by three global carriers, Howden’s cyber insurance platform offers up to $6 million in capacity. Clients are pre-approved, requiring only basic information – name, industry, annual revenues, and website – to receive a quote. Additional data is collected through open APIs (application programming interface), ensuring that underwriting standards are maintained despite the streamlined process.
