CyberGuide - Information Security and Cyber Risk Management

Howden Broking Group

Shay Simkin
One Creechurch Place,
London, EC3A 5AF
44.0.20.7623.3806
https://www.howdengroup.com/contact


About Howden Broking Group:

We are world’s largest international independent retail broker, headquartered outside of the US. Our scale is global, but our approach is founded on high quality local teams who build solutions around our clients, accessing our global knowledge and expertise where appropriate for each client.

We are specialists, not generalists. Our leadership teams in the countries in which we operate are all experienced cyber champions who are actively involved in working with clients.

The Cyber and Technology Solutions team at Howden consists of people with over 35 years of experience. Our diverse backgrounds allow us to draw from past experiences and work together to deliver creative solutions. We work on Cyber accounts across the size spectrum and also from a varied spread of trade groups.

  1. Our unique CyberGap360 approach helps companies not only evaluate and select the right insurance program but also helps them develop a risk-based understanding of cyber threats and vulnerabilities that are specific to the company.
  2. We supply our clients with our unique tools to help them evaluate their IT security posture and to benchmark the client against their peers in terms of both security posture and cyber insurance limits purchased
  3. Following these assessments we then work with our clients in order to present their cyber risk to the insurance market in the best possible way to achieve the best outcome in terms of premium spend on limits and coverage.
  4. We then work with the client to align their Incident Response Plan with the Cyber Insurer in terms of Response Vendor selection

 

Survey Answers

Target Client Size
>$500M to $1B
Does US business in
Northeast, Southeast, Midwest, Southwest, West
Does international business in
Canada, Mexico, United Kingdom, South America, Continental Europe, Asia, Africa
Primary Service Offering
Insurance Broker
When did your company start placing standalone cyber insurance policies?
2005
As of September 30, 2019, what is your organizations standalone cyber gross written premium?
>$100M to $200M
How many dedicated cyber insurance brokers does your company have handling client cyber risk on a day-to-day basis?
>25
What percentage of your clients buy cyber insurance?
21 - 30%
Approximately how many standalone cyber claims did your firm’s clients file in the last 12 months?
31-50
Approximately how many cyber claims involving other lines of business did your firm’s clients file in the last 12 months?
6-15
Who are your top 5 trading partners of primary cyber insurance policies?
Beazley, Brit, Axis, CFC, Markel
Who are your top 5 trading partners of excess cyber insurance policies?
Axis, Canopus, score, Munich Re, Markel