Burns & Wilcox, North America’s leading wholesale insurance broker and underwriting manager, recognized throughout the industry for its expertise in Cyber Liability, has implemented Advisen’s Cyber OverVue technology to expand its cyber risk capabilities with a suite of analytics and an arsenal of cyber data.
Cyber Overvue helps evaluate the cyber risk of organizations by leveraging historical loss data to generate loss profiles and benchmark analyses, allowing Burns & Wilcox to further assess the cyber risk of a company and provide tailored Cyber and Privacy Liability coverage solutions.
This expansion will serve as an extension of the cyber products and services offered by Burns & Wilcox. Through continued partnerships, the company expands its offerings to provide retail brokers, agents and clients with resources to better manage risks and navigate cyber breaches, reducing identity theft and fraud for businesses of all sizes.
“Burns & Wilcox has partnered with Advisen to pair knowledge-based results with our specialty insurance solutions—further illustrating our commitment to providing retail brokers and agents with exceptional service and deep expertise,” said David Derigiotis, Corporate Vice President, National Professional Liability Practice Leader, Burns & Wilcox. “By helping our clients demonstrate coverage needs and address questions associated with limit adequacy, we enable our partners to grow substantially, and that is why they have relied on us for 50 years.”
“The output of Cyber OverVue tells a concise story about frequency, severity, and limit adequacy for each insured,” commented Rick Hernandez, Advisen EVP and Global Product Manager. “We’ve worked hard to enhance Cyber OverVue to mesh with the high-volume transactional nature of the wholesale broking environment and our team is pleased to see Burns & Wilcox utilizing Cyber OverVue this way.”
About Burns & Wilcox
Burns & Wilcox is the insurance industry’s leading wholesale insurance broker and underwriting manager internationally recognized for its expertise in commercial and professional liability, property, environmental, marine and personal insurance.
Burns & Wilcox is a member of H.W. Kaufman Group, which has over 60 offices across the United States, Canada, and the United Kingdom and employs more than 2,000 professionals. Founded in 1969 and headquartered in Metro Detroit, H.W. Kaufman Group also includes: Burns & Wilcox Brokerage, Burns & Wilcox Canada, Burns & Wilcox Re, Atain Insurance Companies, Afirm, Global Excess Partners, R.B. Jones, Stonemark, Minuteman Adjusters, and London-based, Chesterfield Insurance Brokers, Lochain Patrick, and Cranbrook Underwriting. More information can be found at www.burnsandwilcox.com.