Africa Specialty Risks enters cyber insurance with digital quote-and-bind policy

Africa Specialty Risks (ASR) has entered into the cyber insurance market for African businesses with the introduction of a digital quote-and-bind policy. The new product is designed to offer coverage to companies across the continent, beginning in South Africa, Namibia and Mauritius. The cyber policy is available through ASR 24-7, an automated underwriting platform, and provides coverage limits of up to $5m for businesses with annual revenues as high as $100m. The initiative addresses the availability o ...