AXA FRANCE LAUNCHES THE FIRST CYBER RISK INSURANCE QUOTATION TOOLS WITH STARK GROUP INNOVATION LAB
Stark Group is proud to have participated in designing, developing and deploying the first online quotation platform for SME and Cyber risk insurances for the French Market.
Protecting companies from cyber threats is the new challenge insurance companies are trying to deal with. Developing appropriate insurance product remains difficult and there are still a lot of uncertainties in this field still.
Yet obtaining insurance for company's asset in case of cyber attacks is now possible with AXA France that launched with the support of Insurance republic, the innovation arm of Stark Group.
Insurance Republic has demonstrated its capacity to respond to a complex needs of designing a difficult product.
The growth opportunities for digital and cyber security insurance is expanding fast and furious.
The needs to cover data bridge, access, content, flow is getting more and more important. The process of underwriting such risk remains complicated yet AXA France and Insurance Republic succeeded in simplifying the journey.
The next step will be to internationalise the product and make it accessible for other AXA entities in Europe.
Bright future ahead for the disruptive start up, thanks to insurance giant that trusts its capacity to innovate in the field.