Blink Cyber insurance protects against cyber extortion,
identity theft and cyberbullying, and covers electronic data
restoration and replacement costs
NEW
YORK and PALO ALTO,
Calif., May 23, 2022 /PRNewswire/ -- First Connect
and Blink announced today a collaboration to make personal cyber
insurance protection available to independent agents that
participate in First Connect's insurtech marketplace platform.
First Connect, a digital platform designed to provide
independent agents with access to some of the nation's top
insurtech carriers, will offer a cyber protection insurance product
underwritten by BlinkSM by Chubb®. Blink's
Cyber Protection, backed by Chubb, the world's largest publicly
traded property and casualty insurance company, provides
stand-alone coverage that insures customers against cyber risks
such as cyberbullying, online extortion and identity theft, and
covers electronic data restoration and replacement costs.
First Connect Insurance Services LLC, a subsidiary of Hippo
Insurance Group, was designed to provide independent agencies with
access to national insurtech carriers with zero access fees. Blink
by Chubb offers personal insurance products distributed through
employee benefits, D2C, insurance carriers, digital brokers and
affinity partners, including First Connect.
The Blink and First Connect collaboration provides agents with
modern cyber coverage, designed to help consumers safeguard their
ever-growing digital footprints from bad actors capable of
inflicting emotional or financial damage.
"With multiple devices and online accounts, cyber protection is
a necessity in today's always-connected world," said First Connect
President Aviad Pinkovezky. "By
offering Blink's Cyber Protection, small and medium-sized agencies
gain access to yet another national carrier and a growing list of
fully digital products available on First Connect that can be
easily combined with other types of coverage."
Blink's Cyber Protection addresses the needs of customers facing
the all-too-common risk of cyber-attacks. Victims of cyberbullying
are covered for associated costs resulting from repeated harassment
via an electronic device, including psychiatric services and
temporary relocation costs. Blink helps customers recover from
identity theft or cyber extortion by covering the cost of hiring
professional services and money or digital currency paid as
ransom.
With Blink, cyber specialists can respond to identity theft and
cyber extortion claims within 24-hours. The policy provides
coverage for everyone in a household, including dependents up to
age 24, and can be extended to up to five additional households to
protect customers' shared digital world.
"Blink is delighted to offer First Connect agents simple,
jargon-free personal cyber insurance to help protect their
customers' digital lives," said Laura
Bennett, Senior Vice President of eConsumer for Chubb
in North America. "First Connect's approach to providing fast
quotes and near-instant binds made it a natural platform to offer
Cyber Protection to independent agencies."
To learn more about how First Connect provides independent
agencies with access to the leading insurtech carriers or to sign
up, visit firstconnectinsurance.com. Additional information
about Blink by Chubb can be found at www.blinkinsured.com.
About Hippo
Hippo's goal is to make homes safer and better protected so
customers spend less time worrying about the burdens of
homeownership and more time enjoying their homes and the life
within. Harnessing real-time data, smart home technology, and a
growing suite of home services, we are creating the first
integrated home protection platform. Hippo is headquartered in
Palo Alto, California and offers
insurance products that are available to more than 80 percent of
U.S. homeowners in 38 states. First Connect Insurance Services LLC
is a licensed property casualty agency appointed by various
insurance companies. For more information, including licensing
information, visit http://www.hippo.com.
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 31,000 people worldwide. Additional information can
be found at: www.chubb.com.
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SOURCE Chubb and Hippo