CyberGuide - Information Security and Cyber Risk Management

CFC Underwriting

James Burns
85 Gracechurch St
London, UK  EC3V 0AA
+44.207.220.8500
jburns@cfcunderwriting.com

 

 


About CFC Underwriting:

CFC is a specialist insurance provider and a pioneer in emerging risk, with a particular focus on cyber. Having introduced our first cyber insurance policy back in 1999, we have over 20 years’ of experience in the cyber market and now provide cyber coverage to over 60,000 policyholders in over 65 countries worldwide.

With a market leading wording and dedicated cyber underwriting, products, claims and incident response teams, CFC has been recognised as one of the key players in the cyber market, winning Cyber SME Insurer of the Year, Cyber Risk Event Response Team of the Year, and Cyber Risk Industry Person of the Year (EMEA) at the 2021 Advisen Cyber Risk Awards.

With solutions designed for businesses of all sizes, our cyber products provide cutting-edge, innovative cover to protect against the very real and growing threats of the digital age. Our cyber policies are complemented by one of the largest claims and incident response teams in the world, consisting of expert cyber incident responders and specialist cyber claims handlers, and in 2020 alone, we handled over 2,000 cyber claims. In addition, we have built a large network of specialist partners around the globe, allowing us to coordinate a response no matter where our policyholders are located.

We are dedicated to providing a quick and efficient service to both our brokers and our end clients. What’s more, we aim to help make cyber insurance as accessible as possible, providing a streamlined application process and regular cyber education and marketing materials.

Survey Answers

Target Client Size
all company sizes
Does US business in
Northeast, Southeast, Midwest, Southwest, West
Does international business in
Canada, Continental Europe, Asia, South America, Africa, Australia/New Zealand, Mexico, United Kingdom
Primary Service Offering
Insurance Carrier
When did your company start writing standalone cyber insurance policies?
Prior to 2000
What are your company’s cyber insurance direct written premiums?
>$200M
What percentage of your cyber insurance direct written premiums come from standalone policies and endorsements?
Standalone 81 - 90% | Endorsement 0 - 10%
What percentage of your cyber book of business is primary and excess?
Primary 81 - 90% | Excess 0% to 10%
How many dedicated cyber insurance underwriters of standalone does your company have?
more than 25
How many cyber-related claims did your company handle last year?
more than 100
What percentage of your cyber-related claims were covered by standalone cyber policies and other lines business?
Standalone 91 - 100% | Other Lines 0 - 10%