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.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Austin 2012, happening now in Austin, TX. Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.




Edited by Braden Becker

Article comments powered by Disqus

Related Insurance Technology Articles

Leveraging M2M and IoT Services can Help Conventional Insurers Face Competition, says SAP Study

SAP SE stated that a recent study sponsored by it, revealed that long-standing insurance providers need to leverage and experiment with machine-to-machine and the Internet of Things and also invest more in customer-related technologies in order to gain a competitive advantage over non-insurance companies. [ Read More ]
10/21/2014

Vlocity Introduces Two New Cloud Apps Built on Salesforce1 Platform

Vlocity designs and creates industry-specific applications on the Salesforce1 platform to provide organizations with functional cloud in mobile software solutions that embed industry best practices and business processes. These applications take away all the hard work of integrating the latest technology and the processes an organization needs in one single app that can be deployed across different devices. With Vlocity, organizations are able to improve customer experience interactions across t… [ Read More ]
10/21/2014

Goji Compares and Customers Decide

When customers shop for auto insurance, the main goal is to save money and the key to saving is comparing. By comparing insurance quotes online, it's easier and quicker to assess rates from multiple carriers. Goji, the online insurance agency simplifies auto insurance with its newly launched insurance rate comparison estimator. [ Read More ]
10/08/2014

Estify Raises $1.5 Million to Integrate Insurance Estimates for Auto Body Repair

If you are involved in a car accident and asked to provide three estimates from body shops, the likelihood of getting the exact same amount is an improbability only theoretical mathematicians would be able to calculate. Auto body repair shops are notorious for the shady practices they carryout in providing their services, and the fact the Estify platform was born in the Wasatch Mountains of Utah probably underscores why this problem was not addressed in any other metropolitan city across America… [ Read More ]
10/06/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!