CFC, a specialist insurance provider, launched an update to its cyber risk heat map to include more detail on the key exposures for a range of industry sectors from construction and education to healthcare, transport and logistics.

Built from data relating to the thousands of claims that CFC has managed as well as trends that its in-house incident response team is witnessing externally, this free tool uses a color coded graph to rank the severity of exposure for different industry sectors such as business interruption, privacy and cybercrime.

CFC’s cyber risk heat map includes a few scenarios specific to individual client sectors and based on real life claims to illustrate the true nature of the risk they face. Brokers can also use CFC’s free ransomware calculator to estimate the cost of a ransomware attack to a client. Drawing upon historic data from CFC’s claims experience during the past two decades, it provides low, medium and high severity ransomware loss estimates as well as a more detailed report explaining the cost breakdown, methodology used and actionable tips to help prevent attacks from occurring.

To augment its heat map, CFC is soon introducing a range of industry specific heat maps, kicking off with professional service firms and healthcare, the company said in a press release.

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Ascend, a financial operations automation software for insurance, announced the launch of its E&S Billing product designed for MGAs and wholesalers to automate billing, payment, reconciliation, and reporting needs for those operating in non-admitted markets.

Ascend’s billing solution aims to enhance profitability and growth among wholesalers and MGAs by integrating all financial processes into a unified platform.

After an initial launch with several select partners, Ascend is now rolling this solution out to all MGA and wholesalers in the E&S market.

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VIU by HUB, an omnichannel insurance brokerage platform, announced the launch of motorcycle insurance.

Customers can now receive digital quotes within minutes alongside expert guidance and advice from a VIU agent to tailor coverage to the specific needs of their ride.

Motorcycle insurance can help protect against personal liability and help cover unexpected medical bills in the case of bodily injury. Mopeds, scooters, golf carts, trikes, dirt bikes, ATVs and snowmobiles may also be covered, depending on state requirements.

Underwriters can also leverage VIU as an effective technology to enable a disciplined approach to scale, acquisition and service. And VIU’s insurance marketplace can be integrated into the systems of partners involved in the consumer purchase journey, such as financial institutions and real estate companies.

VIU is available to consumers by phone, online and via a mobile app. In addition to motorcycle insurance, VIU offers quoting from a variety of carriers alongside personalized coverage and advice for home, condo, auto, life, renters, landlord and pet insurance. Customers can also purchase policies and receive ongoing advice from a team of experts.

Sources: CFC, Ascend, VIU by HUB