NEW
YORK, Sept. 22, 2022 /PRNewswire/ --
BlinkSM by Chubb® today announced that it will partner
with SoFi (NASDAQ: SOFI), the digital personal finance company, to
help SoFi members protect their holistic digital footprint with the
launch of personal cyber insurance.
Blink by Chubb offers a suite of Chubb-backed personal insurance
products distributed through the company's digital brokers and
affinity partners, such as SoFi. Chubb is the world's largest
publicly traded property and casualty insurance company.
Blink Cyber is a stand-alone insurance policy that addresses the
needs of customers facing the increasingly growing risk of
cyber-attacks. The policy responds to expenses related to a
personal cyber event, including cyber bullying, phishing scams,
ransomware extortion and cyber financial fraud.
"At SoFi, everything we do is geared toward helping people get
their money right and we've built our business around a mission to
help people reach financial independence to realize their
ambitions," said Jennifer Nuckles,
SoFi's EVP and Group Business Unit Leader, Relay, Lantern, Content,
At Work, Partnerships, & Protect. "And while this long-standing
members-first, mission-driven approach will always guide our
strategy, we also know how important it is to remain agile as we
evolve our products and services to support our 4.3 million-plus
SoFi members in a quickly changing, and increasingly complex,
digital world. Adding Blink Cyber to the SoFi Protect portfolio of
insurance offerings underscores that commitment by providing our
members with a robust cyber insurance offering to protect against
unexpected hurdles in the digital world — like identity theft, data
loss, and online scams — that come up along the way."
"SoFi and Blink by Chubb have shared ambitions to provide
simple, easy-to-understand and affordable personal cyber insurance
to safeguard consumers in a world that is increasingly connected
through digital means," said Leslie
Marshall, Senior Vice President, Head of Blink by Chubb.
"Whether you use social media accounts daily or own smart home
devices to control your personal climate, our expanding digital
world provides increased access points for bad actors to seize
control, and Blink Cyber is an easy way to provide the right
coverage at the right time."
About Chubb
Chubb is the world's largest publicly traded property and
casualty insurance company. With operations in 54 countries and
territories, Chubb provides commercial and personal property and
casualty insurance, personal accident and supplemental health
insurance, reinsurance and life insurance to a diverse group of
clients. As an underwriting company, we assess, assume and manage
risk with insight and discipline. We service and pay our claims
fairly and promptly. The company is also defined by its extensive
product and service offerings, broad distribution capabilities,
exceptional financial strength and local operations globally.
Parent company Chubb Limited is listed on the New York Stock
Exchange (NYSE: CB) and is a component of the S&P 500 index.
Chubb maintains executive offices in Zurich, New
York, London, Paris and other locations, and employs
approximately 34,000 people worldwide. Additional information can
be found at: www.chubb.com
About SoFi
SoFi helps people achieve financial independence to realize
their ambitions. Our products for borrowing, saving, spending,
investing and protecting give our over four million members fast
access to tools to get their money right. SoFi membership comes
with the key essentials for getting ahead, including career
advisors and connection to a thriving community of ambitious
people. SoFi is also the naming rights partner of SoFi Stadium,
home of the Los Angeles Chargers and the Los Angeles Rams. For more
information, visit SoFi.com or download our iOS and Android
apps.
Blink℠ by Chubb® is the marketing name used to refer to
subsidiaries of Chubb Limited providing insurance and related
services. For a list of these subsidiaries, please visit our
website at www.chubb.com. Property and Casualty products are
underwritten by Ace American Insurance Company and its U.S. based
underwriting affiliates. Accident, Health, Disability and Life
insurance products are underwritten by Combined Insurance Company
of America (Chicago, IL) in all
states except New York. In
New York, these products are
underwritten by Combined Life Insurance Company of New York (Latham,
NY). Combined Insurance Company of America is not licensed
and does not solicit business in New
York. Coverages contain exclusions and limitations and may
not be available in all states.
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SOURCE Chubb