CyberGuide - Information Security and Cyber Risk Management

BCS Insurance

Tammy Kocher
2 Mid America Plaza suite 200
Oakbrook Terrace, IL
[email protected]

About BCS Insurance:

BCS Insurance Company has been providing innovative admitted insurance and reinsurance solutions for more than 70 years. As a privately held insurer with a strong ownership base, we provide a broad portfolio of property, casualty, health, and accident products to meet our customer’s needs.

BCS is one of the fasting growing and leading admitted U.S. cyber insurers. Ranked Top 10 per A.M. Best in cybersecurity direct premiums written, we have a proven history with a diversified portfolio of sophisticated admitted Cyber Liability insurance products for most major market segments.

Our experienced and knowledgeable underwriting team is committed to high service levels and fast response times. We understand that different market segments and customers have different needs, and we have carefully crafted products and processes to meet those needs.

For small- to medium-sized accounts, BCS emphasizes ease of purchase while still offering choices. By expediting the quote/bind/issue process, we have greatly simplified the purchase for out insured customers. In one meeting, agents and customers can easily review limit and deductible options, bind coverage, and have peace of mind knowing that coverage is immediately effective. For large accounts, our focus is on changing risk profiles. Our sophisticated underwriters provide ready access to excess capacity as needed, and work to tailor a solution with customized and innovative coverages. We pride ourselves on maintaining strong relationships with our insureds and brokers, and welcome the opportunity to discuss your cyber needs.

Survey Answers

Target Client Size
0 to more than $10B
Does US business in
Northeast, Southeast, Midwest, Southwest, West
Does international business in
Primary Service Offering
Insurance Carrier
When did your company start writing standalone cyber insurance policies?
What are your company’s cyber insurance direct written premiums?
$50M to $100M
What percentage of your cyber insurance direct written premiums come from standalone policies and endorsements?
91% to 100% standalone | 0% to 10% endorsements
What percentage of your cyber book of business is primary and excess?
81%-90% primary | 11% to 20% excess
How many dedicated cyber insurance underwriters of standalone does your company have?
What percentage of your cyber-related claims were covered by standalone cyber policies and other lines business?
91% to 100% standalone | 0% to 10% other lines
How many cyber-related claims did your company handle last year?
more than 100