CyberGuide - Information Security and Cyber Risk Management

https://www.phly.com/campaign/PHLY-Difference.aspx?utm_source=Advisen&utm_
Philadelphia Insurance Companies

Evan Fenaroli
1 Bala Plaza, Suite 100
Bala Cynwyd, PA 19004
877.438.7459
Evan.fenaroli@phly.com


About Philadelphia Insurance Companies:

PHLY designs, markets and underwrites a variety of Property/Casualty and specialty insurance products, including Cyber Security Liability. With a broad appetite across the Non-Profit, Healthcare, Retail, and Professional Services sectors (among many others), our underwriters work to deliver customized solutions to address all angles of our clients’ cyber risk. PHLY’s stand-alone Cyber Security Liability product is available on both an admitted or non-admitted basis (both rated A++ by A.M. Best Company and A+ by Standard & Poor’s). Cyber coverage can also be endorsed to existing PHLY policies or written on an excess basis. Other offerings— including Property, GL, D&O, EPLI, E&O and Crime — allow PHLY to offer complete risk transfer solutions to many of our policyholders. PHLY is a member of the Tokio Marine Group, Japan’s oldest and leading Property/Casualty insurer and one of the 10 largest insurance groups in the world.

Survey Answers

Target Client Size
up to $250M
Does US business in
Northeast, Southeast, Midwest, Southwest, West
Does international business in
N/A
Primary Service Offering
Insurance Carrier
When did your company start writing standalone cyber insurance policies?
2009
What are your company’s cyber insurance direct written premiums?
$25M to $50M
What percentage of your cyber insurance direct written premiums come from standalone policies and endorsements?
Standalone 91 - 100% | Endorsement 0 - 10%
What percentage of your cyber book of business is primary and excess?
Primary 91 - 100% | Excess 0 - 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 200
What percentage of your cyber-related claims were covered by standalone cyber policies and other lines business?
Standalone 81 - 90% | Other Lines 11 - 20%