AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

At-Bay Launches Excess Cyber Policy; Expands Security Monitoring to Excess Programs

May 16, 2019

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 16, 2019--

At-Bay  launched an excess cyber insurance policy for clients across all industry classes. At-Bay developed this product to fulfill broker demand for access to the At-Bay Security Team for organizations with insurance towers.

The At-Bay Security Team provides insureds with ongoing vulnerability scanning, threat monitoring, and 24/7 support to help prevent loss. With the new product launch, At-Bay has made these security services available to Excess clients.

“We wanted to create an excess program for our clients that doesn’t just provide capacity, but rather provides smart capacity that helps all parties avoid loss, including the underlying limits,” said Brett Sadoff, At-Bay’s Head of Insurance. “Proactive risk management is the future of cyber insurance and we are very happy to bring this to market for our customers.”

In addition to monitoring clients throughout the lifetime of their policy, the At-Bay Security Team reviews prospective clients during the underwriting process. The team built its own security scanning technology and risk model to augment traditional underwriting methods. With access to deep security insights, At-Bay can underwrite more confidently, provide better coverage, and provide prices that match the quality of the client’s security.

At-Bay’s excess product compliments their primary cyber insurance product that is available to select broker partners. At-Bay offers both primary and excess limits up to $10M for clients up to $5B in annual revenue across all 50 states and Washington D.C.

About At-Bay

At-Bay is a cyber insurance provider with underwriting capacity by A++ rated The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re. At-Bay provides coverage of up to $10M in all 50 states, for organizations as large as $5Bn across all industry classes. At-Bay’s dedicated security team actively monitors our clients and finds vulnerabilities before hackers do. The team is available and always on call. At-Bay is backed by LightSpeed Ventures Partners and Khosla Ventures. For more information about At-Bay, visit www.at-bay.com, or contact us at underwriting@at-bay.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20190516005024/en/

CONTACT: At-Bay

Moran Falah

moran@at-bay.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS SOFTWARE SECURITY PROFESSIONAL SERVICES INSURANCE

SOURCE: At-Bay

Copyright Business Wire 2019.

PUB: 05/16/2019 08:00 AM/DISC: 05/16/2019 08:01 AM

http://www.businesswire.com/news/home/20190516005024/en