Insurance Technology Featured Article

CloudInsure Announces Agreement with Guy Carpenter & Company

October 05, 2012

CloudInsure, the world's first cloud insurance platform designed to specifically address emerging liabilities within the cloud environment, has entered into an agreement with Guy Carpenter & Company, LLC, global reinsurance intermediary. 

Thanks to this agreement, CloudInsure will now be positioned to establish relationships with primary insurers to offer privacy & security liability coverage to meet the growing needs of the cloud computing space for enterprise customers, bringing insurance solutions that move at the pace of cloud technologies.

"We believe that CloudInsure has developed a sustainable solution and methodology, based on solid analytics and data, which will foster this emerging marketplace,"  Tony Jones, vice president at Guy Carpenter, said in a statement.

Jones said Guy Carpenter's role as a trusted reinsurance intermediary uniquely positions them to assist in further advancing the marketplace by developing the risk transfer mechanisms and innovations required to support primary insurer adoption on a large scale.

Guy Carpenter & Company, LLC is a global player in providing risk and reinsurance intermediary services. With over 50 offices worldwide, Guy Carpenter creates and executes reinsurance solutions and delivers capital market solutions for clients across the globe.

"The insurance industry needs the cloud industry, and cloud industry needs the insurance industry – they just don't know it yet," said Mike Paisan, CEO at CloudInsure.

"We see that for cloud companies, and tech in general, innovation and adoption is happening at a faster rate than a single insurance company can manage on their own, we anticipate great support and partnerships from the primary insurance, with opportunities in these markets on the scale of cloud,” said Paisan.

CloudInsure is a wholly-owned subsidiary of Cyber Risk Partners LLC, offering a cloud insurance platform designed to specifically address emerging liabilities within the cloud environment.

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Edited by Braden Becker

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