First Connect and Blink announced a collaboration to make personal cyber insurance protection available to independent agents that participate in First Connect's insurtech marketplace platform.
First Connect, a digital platform designed to provide independent agents with access to some of the nation's top insurtech carriers, will offer a cyber protection insurance product underwritten by BlinkSM by Chubb. Blink's Cyber Protection, backed by Chubb, the world's largest publicly traded property and casualty insurance company, provides stand-alone coverage that insures customers against cyber risks such as cyberbullying, online extortion and identity theft, and covers electronic data restoration and replacement costs.
First Connect Insurance Services LLC, a subsidiary of Hippo Insurance Group, was designed to provide independent agencies with access to national insurtech carriers with zero access fees. Blink by Chubb offers personal insurance products distributed through employee benefits, D2C, insurance carriers, digital brokers and affinity partners, including First Connect.
The Blink and First Connect collaboration provides agents with modern cyber coverage, designed to help consumers safeguard their ever-growing digital footprints from bad actors capable of inflicting emotional or financial damage.
"With multiple devices and online accounts, cyber protection is a necessity in today's always-connected world," said First Connect President Aviad Pinkovezky. "By offering Blink's Cyber Protection, small and medium-sized agencies gain access to yet another national carrier and a growing list of fully digital products available on First Connect that can be easily combined with other types of coverage."
Blink's Cyber Protection addresses the needs of customers facing the all-too-common risk of cyber-attacks. Victims of cyberbullying are covered for associated costs resulting from repeated harassment via an electronic device, including psychiatric services and temporary relocation costs. Blink helps customers recover from identity theft or cyber extortion by covering the cost of hiring professional services and money or digital currency paid as ransom.
With Blink, cyber specialists can respond to identity theft and cyber extortion claims within 24-hours. The policy provides coverage for everyone in a household, including dependents up to age 24, and can be extended to up to five additional households to protect customers' shared digital world.
"Blink is delighted to offer First Connect agents simple, jargon-free personal cyber insurance to help protect their customers' digital lives," said Laura Bennett, Senior Vice President of eConsumer for Chubb in North America. "First Connect's approach to providing fast quotes and near-instant binds made it a natural platform to offer Cyber Protection to independent agencies."
