With our proactive, comprehensive Cyber Security Insurance coverage, we offer coverage for one of the fastest growing risks for today's businesses. Our Cyber Security Insurance coverage provides first- and third-party liability coverage for eligible expenses and exposures associated with a data-breach incident, such as notification of a breach and remediation services for impacted individuals.
Our offering includes both proactive services to help minimize the occurrence of a data breach and post-breach services to provide expert assistance if one occurs. Data-breach protection and remediation services include:
Value-add online proactive resources, including data breach risk assessment tools
Immediate response from expert data breach consultants
...that’s what a business that doesn’t have Cyber Coverage will pay for data breach services.
of small and mid-size businesses were targeted by cybercrime
Click to download Frequently Asked Questions about Cyber Liability Insurance
We continued to expand the use of data analytics, including:
Industry experts estimate that one third of U.S. auto insurers will offer Usage-Based Insurance by 2020. We are proud to have already launched our Usage-Based Insurance program for Auto insurance, Penn ID, in April of 2016, making us one of the first regional insurance companies to do so.
Our UBI program rewards safe driving behaviors with a discount of up to 30%.
Driving behaviors such as hard braking, excessive acceleration, time of day the vehicle is driven and number of miles driven are used to develop a vehicle-level discount. The program combines a device that is installed in the vehicle with a smartphone application. Our users have logged nearly 400,000 driving miles since April of 2016, with an average discount of 8% being earned. We launched the program in Pennsylvania, and by mid-year 2017, we will offer Penn ID in all our personal insurance states. The average age of drivers using the program is 42.
We also introduced an Auto affinity program and introduced a paid-in-full discount for our affiliate, Partners Mutual Insurance. These programs are designed to provide a growth opportunity for Partners’ agents to attract and retain new business.