Cyber specialist CFC is taking its Connect trading portal to New Zealand.

Connect allows brokers to adjust cyber insurance quotes, including limits and deductibles, without underwriter involvement.

CFC says brokers can quickly bind its Cyber Proactive Response product for risks up to $NZ50 million ($45.48 million) with only the web address of a client. This includes common coverage variations made by similar businesses. 

“With SMEs making up 90% of businesses in New Zealand, our goal is to equip brokers with the knowledge and tools they need,” team leader Philippa Davis said.  

“Connect offers brokers a frictionless experience, delivering a smarter and faster way to get bindable quotes in minutes.” 

Brokers can also connect with CFC’s cyber underwriting team through the portal and access educational material to help clients understand the benefits of cover. 

They will receive a limit and claims profile based on their client’s size, industry and location. 

CFC also offers a free “cyber masterclass” video series and a library of resources such as case studies. 

“It’s no longer a specialist product, yet the reality is there remains a knowledge gap,” Ms Davis said. 

“We view it as our responsibility to help brokers develop their understanding of this class of business.” 

CFC is holding New Zealand “broker’s guide to cyber insurance” webinars in September. Register here.