IDT911 has announced a new service designed to “streamline cyber claims management and maintain efficiency for insurance carriers processing cyber liability claims.”
Since CyberClaims911 helps in the claims handling process, “insurance companies will realize significantly lower research and management costs over non-specialized claims third-party administrators (TPA).” It covers all types of cyber coverage including first and third party coverages, incident response, business or network interruption, liability exposures, and more.
CyberClaims911 is being marketed as a tool for carriers who are just entering the cyber insurance market or for those who want to become more efficient, reduce costs and reduce claims.