British Insurance Awards 2019: Specialist Insurer of the Year - CFC Underwriting
This article was funded by a third party, but the funder had no editorial control.
Winner: CFC Underwriting
Shortlist
- Ecclesiastical
- The Insurance Emporium
- ERS
- Petplan
- Pool Re
Defined by a mission to radically simplify the way business insurance is bought and sold, CFC Underwriting was handed Specialist Insurer of the Year award for its compelling cyber propositions.
Challenging assumptions and constantly innovating, the company has successfully used technology to drive change in the cyber market and developed ground-breaking cover in emerging risk areas.
Innovations include a market-leading business interruption cover triggered by IT system failure as well as malicious cyber events, and a bespoke cyber product for healthcare.
After a successful US launch of its Ehealth solution, CFC now plans to release this product internationally.
To educate brokers in cyber products, CFC developed in-depth cyber claims case studies, hosted events and webinars and launched a bi-monthly educational newsletter entitled the Cyber Fix.
Investing in a new technology platform and development team has not only reduced enquiry response time significantly but also allowed the release of new products in record time.
CFC has cemented its position as one of the industry’s top providers of cyber insurance and provides an invaluable service educating its many brokers on cyber.
“A solid niche market leader,” said one judge.
To be named Specialist Insurer of the Year is truly amazing. We’re passionate about our business and really care about our customers. This award reflects not just how far we’ve come over the past 20 years to become a full-service specialist insurance provider with a global customer base, but the hard work of our team to get us there. I’m incredibly proud of each and every one of them.
David Walsh, founder and CEO, CFC Underwriting
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Technology
Ghost broker busting – how can they be blasted off social media?
Content Director's View: If there’s something weird selling motor cover and it don’t look good … why do so many young drivers fall for ghost brokers on social media and what can be done to bust them, asks Insurance Post's Jonathan Swift.
Q&A: Simon Axon, Teradata
Simon Axon, global financial services industry director at Teradata, explains how general insurance providers are lagging behind banks in making the most of their data and why Amazon’s style of operating should inspire boards to back investment in digital transformation.
Beale urges insurance to prioritise climate action
Dame Inga Beale has said decarbonisation has to become a priority for the insurance industry.
Unstructured data is ‘fundamental weakness’ of insurance industry
Guidewire CEO Mike Rosenbaum told a packed crowd that generative artificial intelligence can provide the edge to insurers in terms of data clarity.
Ex-BGL CEO Thompson joins Open GI as chair
Former BGL Insurance CEO Peter Thompson has joined Open GI as the organisation’s chair.
Sign up for webinar on driving retention, growth and improved customer journeys
Insurers continue to face the challenge of distinguishing and differentiating themselves on anything other than being among the cheapest providers.
2024 European Insurance Technology Awards winners revealed
Today, Insurance Post is delighted to announce the winners of 2024 European Insurance Technology Awards.
What brokers can do to get cyber insurance on the agenda
Trade Voice: Stefan Daines, broking director at Daines Kapp and member of the CII’s Broking Community board, looks at what brokers can do to combat staggeringly low uptake of cyber insurance and worrying misconceptions around the product.