WTW launches CyProtect Bermuda, reinventing distinction in Cyber Insurance

Rhea-AI Summary

WTW (Nasdaq: WTW) announces the launch of CyProtect Bermuda, a cutting-edge cyber insurance product targeted towards large enterprises operating in the Bermuda market. The product offers fortified coverage, streamlined processes, exclusive advantages, and seamless integration of key features rooted in proven excellence and anchored on the market-friendly WTW FFEP/MOI Form.

HAMILTON, Bermuda, Dec. 12, 2023 (GLOBE NEWSWIRE) -- WTW (Nasdaq: WTW), a leading global advisory, broking, and solutions company, today announced the launch of CyProtect Bermuda, a cutting-edge cyber insurance product designed and tailored to be a comprehensive solution for financial, professional, and executive risks. Targeted towards large enterprises operating in the Bermuda market, CyProtect Bermuda is setting a new standard, delivering fortified coverage, streamlined processes, and exclusive advantages to shield corporations from the ever-changing cyber threat landscape.

CyProtect Bermuda is a pioneering insurance solution, seamlessly integrating key features rooted in proven excellence and anchored on the market-friendly WTW FFEP/MOI* Form. With a modernized slip format, this innovative cyber product delivers exclusive affirmative punitive damages cover tailored for the Bermuda market. WTW’s in-house administration services deliver efficiency through a cost-effective, original solution. WTW Bermuda’s optimized process includes integrating arbitration and jurisdiction elements for enhanced clarity and an option for additional comprehensive coverage against regulatory fines and penalties.

In essence, CyProtect Bermuda revolutionizes the quote-to-policy process, delivering a seamless, efficient experience. The new slip format streamlines steps, making the quote-to-policy process much faster and more efficient.

"CyProtect Bermuda embodies a robust safeguard for our clients, reinforcing our commitment to providing cutting-edge solutions for cyber insurance," said Tommy Edwards, Head of Cyber, FINEX, Bermuda, WTW. "This innovative solution is meticulously crafted to fortify enterprises against evolving cyber threats, offering a tailored defense finely attuned to the unique attributes of the Bermuda insurance marketplace.”

*FFEP/MOI = Follow Form Excess Policy / Memorandum of Insurance

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.

Media Contacts:

Douglas Menelly
Douglas.Menelly@wtwco.com +1 (516) 972 0380

Arnelle Sullivan
Arnelle.Sullivan@wtwco.com +1 (718) 208-0474

FAQ

What is the new product launched by WTW on Nasdaq?

WTW (Nasdaq: WTW) has launched CyProtect Bermuda, a cutting-edge cyber insurance product designed for large enterprises in the Bermuda market.

What are the key features of CyProtect Bermuda?

CyProtect Bermuda offers fortified coverage, streamlined processes, exclusive advantages, and seamless integration of key features rooted in proven excellence and anchored on the market-friendly WTW FFEP/MOI Form.

Who is the Head of Cyber, FINEX, Bermuda, WTW?

Tommy Edwards is the Head of Cyber, FINEX, Bermuda, WTW, and he mentioned that CyProtect Bermuda embodies a robust safeguard for clients, reinforcing their commitment to providing cutting-edge solutions for cyber insurance.

What does CyProtect Bermuda aim to fortify enterprises against?

CyProtect Bermuda aims to fortify enterprises against evolving cyber threats, offering a tailored defense finely attuned to the unique attributes of the Bermuda insurance marketplace.

What is the significance of the WTW FFEP/MOI Form in CyProtect Bermuda?

The WTW FFEP/MOI Form is market-friendly and is seamlessly integrated into CyProtect Bermuda, delivering exclusive affirmative punitive damages cover tailored for the Bermuda market.