CyberScout® today announced a new service at NAMIC’s 120th Annual Convention designed to streamline cyber claims management and maintain efficiency for insurance carriers processing cyber liability claims. CyberScout Claims, from CyberScout, brings more than a decade of specialized knowledge to cyber claims handling, rare in the relatively new cyber liability space, meaning insurance companies will realize significantly lower research and management costs over non-specialized claims third-party administrators (TPA).
CyberScout Claims handles claims for all aspects of cyber coverage – from first to third party coverages, including incident response, business or network interruption, liability exposures, and more. The service is designed for carriers just entering the cyber insurance space or looking to reduce claims, handling costs and inefficiencies. It is the first and only TPA that focuses solely on cyber claims processing—delivering industry-leading data breach avoidance and resolution services resulting in stronger management over losses and reduced operating expenses.
CyberScout Claims holds itself to the same rigorous customer service and business standards as CyberScout. The company has the credentials to manage claims nationwide and continuously monitors new state and federal legislation to swiftly adapt to changes in cyber claims processing, as well as privacy breach regulations. The service offers full transparency for carrier clients with easy, secure access to the claims system for on-demand monitoring of claims status. Lastly, CyberScout® Claims leverages CyberScout’s strong partnerships with recognized leaders in cyber litigation to provide the best possible outcome and resolution for its clients’ policyholders.
“CyberScout Claims is another clear example of how CyberScout continues to expand its capabilities and level of support for our valued insurance clients,” said Joe Salpietro, CyberScout Claims manager, CyberScout. “By using CyberScout Claims, insurance companies can remain nimble and realize cost savings by using an external vendor to deliver specialized claims management services. This service allows small insurers, mutual insurers, and major carriers the ability to better control costs and provide an unsurpassed policyholder experience – all with a partner they already trust, for a completely comprehensive solution.”
CyberScout Claims reduces operating expenses as a result of its rich history in providing industry-leading data breach avoidance and resolution services to insurance companies and their customers.
To learn more about CyberScout Claims or any other products, visit www.CyberScoutClaims.com and CyberScout booth #902 at NAMIC’s 120th Annual Convention.
