Relm Insurance, a specialty insurance carrier serving innovative industries, has partnered with NetDiligence to deliver a suite of cyber risk monitoring solutions to policyholders.
Launched in 2019, Relm is a Bermuda-domiciled specialty insurance carrier serving emerging industries, with a focus on digital assets/Web3.0, cannabis and psychedelics.
NetDiligence has positioned itself as a leading provider of cyber risk readiness and response services.
The partnership will see the company deliver a suite of cyber risk monitoring solutions to policyholders via automated enrollment through NetDiligence’s eRiskHub.
The eRiskHub is a comprehensive platform that offers a wide range of proactive (preventative) and reactive (recovery) information, education, and services. The platform is specifically designed for the prevention, reporting, and recovery of losses caused by cyber incidents.
Relm’s partnership with NetDiligence follows other recently announced initiatives designed to enhance the carrier’s offerings to policyholders.
In November 2022, Relm partnered with cyber risk analytics CyberCube to bolster its cyber underwriting business with artificial intelligence and advanced risk modeling capabilities. In January, Relm expanded its strategic fronting partnership with Trisura, enabling the Bermuda-based carrier to provide capacity in support of AM-Best rated paper for US digital asset risks.
Donavan Burgess, senior vice president and underwriter of digital assets, cyber and professional lines at Relm, said, “Effective cyber risk management is no longer optional — it’s essential. As cyber threats continue to evolve, our policyholders must stay one step ahead to protect their businesses and reputation.
“That’s why we’re proud to announce the addition of NetDiligence’s eRiskHub to our comprehensive cyber risk policy. With its up-to-the-minute data and powerful educational tools, eRiskHub empowers our policyholders to understand and manage their unique cyber risk exposures, develop a robust cyber readiness plan, and minimize the devastating impact of a breach.”
Earlier this year, Egerie, a cyber risk company, raised €30m in a funding round backed by investors in the insurance and cybersecurity spaces.
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