CyberScout® Claims fulfills the need for a cost-effective alternative to expensive cyber claims management options
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.
CyberScout™ is the leading provider of services that help businesses and their customers defend against data breaches and identity theft. CyberScout’s unique approach—delivering proactive protection, preventive education, and swift resolution—offers unrivalled support for more than 660 client partners and 17.5 million households. With its wholly owned subsidiary, CyberScout Consulting™, CyberScout delivers information security and data privacy expertise to help businesses avert and respond to data loss. Based in Scottsdale, Ariz., the company has several locations in the U.S. and Canada, as well as in Ireland to serve partners in Europe.