As announced by Endeavour
"Endeavour Insurance Services, Delegated Authority Specialist and Lloyd’s Broker, today confirms the successful placement of the first policies on its innovative cyberEIS technology and cyber portal.
The risks were placed by a US-based wholesale broker and helped SME clients achieve comprehensive and broad cyber coverage as well as access to risk management advice and support.
Tony Loizides, Divisional Director, Endeavour Insurance Services, said: “This proof of concept for the Endeavour Cyber Facility portal technology is a terrific milestone for us. Demand for cyber protection has increased enormously and we are seeing a strong increase in enquiries from businesses seeking to offer comprehensive coverage to their local markets."
US-based brokers, managing general agents and Lloyd’s Coverholders can access Endeavour’s proprietary cyberEIS offering which is available via its exclusive web portal. Those wishing to grow their presence in this sector can also create and operate their own branded Cyber facility via CyberEIS to better service this risk and keep pace with a growing market.
The technology for Endeavour’s facility was provided by Surely Services, which delivers innovative technology solutions to the insurance industry. Surely Services is part of the Surely Group which was established in 2013 by an experienced team of entrepreneurs, insurance industry experts and technologists. As part of the development, the accounting for business written is integrated into Endeavour’s business processing system, NOVUS which is provided by Morning Data Ltd.
Paul Buckle, Director of Morning Data “Endeavour Insurance Services are leading by example, by embracing technology to exploit the digital opportunities that are there for our market. It has been fantastic to work closely with Endeavour on this joint project, together with Surely Group, to deliver an integrated B2B portal solution, offering their agents the ability to purchase Cyber coverage digitally. Key to this, is that data now flows straight through from the portal to their back-office platform, NOVUS from Morning Data and available for onward delivery to their carriers. We are looking forward to continuing our work with Endeavour, as they look to further leverage their technology capabilities.”