Advanced Technology Assurance Limited (ATA), an insurer specialising in advanced technologies, has introduced a new cyber insurance product designed to address the specific risks faced by technology-driven businesses.
ATA’s cyber insurance can be purchased as a standalone policy or as part of its broader portfolio of technology insurance solutions, offering options for businesses with varied insurance requirements.
“Cyber is now a commoditised, generic insurance product bought by businesses from Main Street to Wall Street and what makes ATA’s cyber insurance different is that our coverage is designed specifically for advanced technologies,” commented Michael Coles, Chairman of ATA.
“Unmanned and electric aircraft, autonomous vehicles, automated factories, robotics, autonomous rail, and many other advanced technologies have very specific, complex, and technical cyber insurance requirements and that’s why ATA will be their insurance brokers’ first-call.”
“ATA is home to insuring the world’s most advanced technologies and what sets our customers apart is the foundation and intricacy that cyber risk has to their business,” added Alistair Blundy, Lead Underwriter at ATA. “We can offer coverage on a worldwide basis, subject to Lloyd’s licensing, backed by the financial security of Tokio Marine Kiln.”
Alongside cyber coverage, ATA is also launching a new Intellectual Property (IP) insurance product in partnership with Tokio Marine Kiln.
This policy is designed to protect businesses from financial exposure arising from IP-related disputes and applies to patents, trademarks, trade secrets, designs, domain names, copyrights, and more. Coverage is available globally and tailored for all company sizes, from SMEs to large commercial enterprises.
Ellie Webb, Head of Delegated Cyber & IP at Tokio Marine Kiln, said: “As demand for specialist cyber and intellectual property insurance expertise continues to grow, TMK and ATA are on the front lines of providing the fit-for-purpose cyber and IP coverage required by the world’s most innovative businesses shaping our future. We’re proud to work together to deliver market leading products to meet these evolving needs.”
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