BIBA renews cyber insurance scheme with CFC
18th June 2020
The British Insurance Brokers’ Association (BIBA) has renewed its member cyber insurance scheme with long-standing provider CFC Underwriting. The scheme allows BIBA members to provide businesses of all sizes with cutting-edge, innovative cover to protect against growing threats such as cybercrime, business interruption and privacy events.
First launched in 2004, the scheme has become extremely popular with members and CFC provide considerable expertise, support and guidance on all cyber issues to members. In 2018 BIBA and CFC launched a cyber insurance guide for members and they regularly provide educational and supportive webinars to BIBA members.
Mike Hallam, BIBA Head of Technical Services, said: “It is important that we continue to offer members the expertise and support for this complex but important product. The wording, risk management and expert claims assistance from CFC are held in the highest regard with BIBA members and across the cyber sector. CFC do not sit on their laurels, they continue to look to innovate their products and services.”
Pat Brice, Distribution Director at CFC, said, “Cyber insurance has never been more relevant and important for UK businesses, and we’re committed to making it simple and accessible for our broker partners. We’re absolutely delighted to extend our successful partnership with BIBA.”
More information about the scheme can be found at www.biba.org.uk/members/biba-schemes/cyber-liability/
Notes to editors
- For further information please contact:
BIBA press office:
Pam Quinn, Head of Communications
020 7397 0223
Leighann Forsyth, Deputy Head of Communications
020 7397 0224
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- About the British Insurance Brokers’ Association
The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.
BIBA membership includes more than 1800 regulated firms, employing more than 100,000 staff. General insurance brokers contribute 1% of GDP to the UK economy; they arrange 67% of all general insurance with a premium totaling £66.5bn and 81% of all commercial insurance business. Insurance brokers put their customers’ interests first, providing advice, access to suitable insurance protection and risk management.
BIBA receives more than 600,000 enquiries per year to its Find Insurance services, online and via the telephone which are directed to member insurance broking firms.
BIBA is the voice of the sector advising members, the regulators, consumer bodies and other stakeholders on key insurance issues.