MSI Launches Cyber Insurance Program for Managed Care Organizations
Dedicated cyber solution offers up to
MSITM, one of the largest independent managing general agencies (MGAs) in
Due to the highly sensitive data that managed care organizations collect and manage, they remain an attractive target for cybercriminals. In addition, MCOs as a class have been generally underserved in the cyber market, especially on a primary basis, due to their perceived risk and overall complexity.
“Our new cyber program for managed care organizations reflects our ongoing mission to bring forward-thinking solutions to underserved sectors,” said
As a Lloyd’s approved coverholder with delegated underwriting authority, MSI is offering a cyber solution that reflects the needs of health insurers, including:
-
Limits up to
$25 million for primary and excess placements for privacy and cyber liability with technology errors and omissions and miscellaneous professional liability - Access to flexible risk management services and a market-leading breach response panel, including forensic analysts, privacy and defense counsel, and breach coaches
- Underwriting experts with highly specialized knowledge that is essential to understanding the risk profile of MCOs
“MSI Cyber for Managed Care Organizations was developed with a deep understanding of the evolving threats and challenges that managed care organizations face,” LeMarbre said. “We are proud to unveil a dedicated, high-capacity solution with the flexibility to deploy our significant limits wherever it is needed in an insurance program.”
This launch builds on MSI’s goal of expanding its suite of more than 20 products and solutions across personal, commercial, and professional lines to address the evolving needs of its customers, agents, and brokers. MSI Cyber for Managed Care Organizations is the first of multiple cyber programs that the company plans to offer, leveraging the extensive underwriting experience of its cyber team.
For more information about MSI Cyber for Managed Care Organizations, please visit our website.
About MSI
MSI, the brand name for
About
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Baldwin’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address Baldwin’s future operating, financial or business performance or Baldwin’s strategies or expectations. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “outlook” or “continue,” or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.
Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption “Risk Factors” in Baldwin’s Annual Report on Form 10-K for the year ended
View source version on businesswire.com: https://www.businesswire.com/news/home/20250626103856/en/
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