Since launching our Cyber & Privacy Liability Policy in January 2021, ProRisk have received some great feedback from the market about the product. Shortly after launch, ProRisk received a 5 Star Award from Insurance Business Magazine. And the number of quotes that we’ve seen come through ProBind, our proprietary quote/bind platform, has been really encouraging.
“We want to make ProRisk’s Cyber & Privacy Liability product your cyber policy of choice and want to hear your feedback about how we can improve it” said Hamish McDonald Nye, ProRisk’s Executive Director. “As with any new product that gets released to the market, there’s always a period where underwriters may need to turn the dials to make sure we get the product right. We think we’ve built something truly unique and really competitive, but need more feedback from our intermediaries to help us build the best Cyber product in the SME market.”
Vanessa MacDonald, ProRisk’s Financial Lines Team Leader said, “There’s only so much feedback that you can get by sending out quotes and seeing if the clients bind cover. Brokers are best placed to help provide us with feedback on what they think of our platform, rates, our incident response panel and platform.”
In order to collect market feedback, ProRisk are running a Cyber Survey, which will be open to any Australian Insurance Broker until the end of November. Brokers who participate in the survey will automatically be entered into the draw to win a $500 Visa gift card, just in time for Christmas.