Ecclesiastical Insurance has rolled out a cyber scenario planner that enables brokers to sell cyber cover in the education sector.
Available free of cost, the new solution has been designed to provide required support to brokers to help them overcome the barriers in selling the cyber cover.
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The cyber scenario planner is available in three parts. Using the first part, the brokers will help the organisation to recognise the looming cyber threats. It will support a conversation between the broker and client about who, what and how a threat could arise.
The second part empowers brokers to discuss risks associated with those threats. It shows how the organisations can address those risks.
The planner will also enable users to work out the risks identified and assess them against various factors including potential costs, frequency and severity.
Through the map, the clients can gain a full picture of the cyber threats they currently face, what they have in place to manage them and what they can do in addition to boost their risk management.
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By GlobalDataEcclesiastical education niche director Faith Kitchen said: “As a specialist insurer with in-depth knowledge of our customer base, it is important that we work with brokers to ensure that we provide solutions that meet the needs of the sector.
“The explosion in technology and move to greater connectivity has seen a significant rise in those looking to exploit the technology for financial gain and schools are not immune to this activity.
“We know that cyber crime is a big concern. Our own research shows that 68% of the education sector and more than three-quarters (77%) of independent schools see cyber as a high risk. So it is important that we equip our broker partners with the tools to help their clients identify and manage them.”
Though the planner has been designed for the education sector, it can be used by other sectors as well.
