Xcina, the Preston based UK leading provider of digital resilience services, including governance, compliance, technology risk, information security assurance and advisory services, has today announced a ground-breaking partnership with the UK insurance broker, Moorhouse Group Limited.
Moorhouse and its online insurance quote comparison service, constructaquote.com, provides insurance products to the UK micro-business and SME market. The products it offers, from its panel of insurance providers, range from public and employer liability insurance and professional indemnity, to insurance cover for plant and machinery, van insurance and goods in transit.
The partnership’s vision is to develop innovative cyber risk technology solutions and mobile applications for the mass insurance market, and to provide an end-to-end response service for all Moorhouse’s policy holders.
In particular, the partnership will roll-out a series of applications and services aimed at risk assessment, threat detection, incident response and critical resource application, supported by a virtual 24/7 cyber incident response team, to address the shortfall in the number of UK SMEs purchasing adequate cyber insurance policies.
The first version of the app will be launched in February 2019 and will be made available to Moorhouse’s 46,000+ clients. This risk assessment app will allow SMEs to assess their cyber threats and the risks they pose, generating reports and recommendations on the next steps required for maintaining appropriate insurance cover levels, as part of a wider digital resilience strategy.
Michael (Mo) Stevens, Chief Executive Officer of Xcina, said: “This partnership is a significant development for Xcina as it continues to drive our national digital resilience agenda. Moorhouse shares our commitment to providing bespoke, tailored solutions that ensure SMEs have the right policies, processes and technologies in place.
“It is estimated that more than 60% of UK businesses describe their cyber insurance as not being based on an accurate assessment of their firm’s individual risk. Our collaboration will help address this within the insurance market.”
Lyndon Wood, Chief Executive Officer at Moorhouse, added: “Our aim is to ensure that our customers have full protection and awareness of their business risks for long-term stability and business longevity.
“This collaboration with Xcina underscores our commitment, as a trusted insurance service partner, to enable SMEs to accurately assess their risk profile and choose the right cyber insurance policy to protect their business.”
Xcina provides digital, operational and regulatory services in support of end-to-end resilience and risk management for SMEs. Xcina helps companies prepare for increasing legislative and regulatory demands on how data is held and processed. This is done via tailored digital strategies and a range of services, including consultancy, training, ongoing monitoring, analysis, detection, and response to cyber threats. Xcina supports resilience and business continuity using its proprietary capability maturity model, which focuses on the three core pillars of people, process and technology.
