BOXX Insurance Launches Personal Cyber Insurance on USA platform

PRNewswireMay 18, 20235 min
  • Rapidly growing global insurtech, BOXX Insurance, rolls out personal cyber insurance in the¬†USA¬†to protect individuals and families from today’s digital risks
  • The all-in-one insurance plan combines protection, access to an incident response team and ‘admitted’ coverage underwritten by HSB, a Munich Re company
  • BOXX is making it easy for consumers to purchase the product online through insurance brokers and agents’ websites

BOXX Insurance, the specialist cyber insurtech and online protection company, today announced the launch of¬†MyCyberProtectionTM¬†by Cyberboxx HomeSM¬†in the¬†USA. This all-in-one product goes beyond today’s identity theft insurance plans by combining comprehensive cyber insurance, with security tools and emergency assistance to ensure that Americans can remain safe online.

BOXX Insurance also announced the launch of its platform that can be branded by brokers and enables their clients to purchase the insurance policy directly from their website. After spending a considerable amount of time listening to brokers and agents, the portal enables their clients to easily purchase cyber insurance across the US.

Built in partnership with and underwritten by HSB, the product addresses today’s emerging cyber risks for US consumers which have been driven by the digitization and dependency of online services and social activities. Since 2019, cybercrime losses in the¬†USA¬†tripled to¬†$10.3 billion¬†in 2022 as reported by the FBI, from common attack methods like social engineering and phishing. Even more, large scale data breaches can expose consumers’ personal information on the dark web — making them vulnerable to financial fraud and other forms of cyberattacks.

“Our research highlights that consumers are increasingly aware of the dangers of being online and are looking for a simple and easy all-in-one solution to keep them digitally safe,” said¬†Hilario Itriago, US President, BOXX Insurance. He continues “With broad coverages like computer attacks, cyber ransom, online fraud and cyber bullying, individuals and families can protect themselves from the common risks of living a connected life,” he explained.

Policyholders also get preferred access to an experienced incident response and 24/7 claims team, as well as digital protection services like VPN and a password manager to help keep them cyber safe online.

“BOXX is in the business of protecting people, not just networks and devices,” said¬†Vishal Kundi, Co-Founder and Chief Executive Officer, BOXX. “This solution reflects that purpose by offering a simple, effortless way to protect individuals, families and valuable consumer data.”

Data security is critical and individuals need help to keep up with today’s emerging cyber risks.

“Cyber criminals are hacking into smartphones, laptops, and other personal devices in greater numbers than ever before,” said¬†Tim Nazzaro, Cyber Product & Strategy Manager, HSB. “BOXX Insurance is providing easy access to quality coverage and more, including online cybersecurity tools and services that can really make a difference.”

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