First Connect, a digital platform designed to provide independent agents with access to InsurTech carriers, will offer a cyber protection insurance product underwritten by BlinkSM by Chubb.
Blink’s Cyber Protection, backed by Chubb, a 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 cyber protection will address the needs of customers facing 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.
Laura Bennett, senior vice president of eConsumer for Chubb in North America, said, “Blink is delighted to offer First Connect agents simple, jargon-free personal cyber insurance to help protect their customers’ digital lives. First Connect’s approach to providing fast quotes and near-instant binds made it a natural platform to offer Cyber Protection to independent agencies.”
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