Market Overview

At-Bay Unveils Its 2019 Cyber Insurance Policy, Now Active Across US


launched its 2019 cyber insurance policy form throughout the United
States. Based on research of cyber threats and incidents, as well as
developments in the regulatory environment, At-Bay expanded their
coverage to provide a market-leading cyber insurance policy for the
risks of 2019.

"Cyber insurance is technical, complex, and highly dynamic. We create
peace of mind for brokers and clients with language that is flexible
enough to cover a wide variety of claims and specific enough to cover
emerging risk scenarios," said Roman Itskovich, At-Bay's Chief Risk
Officer. "The new insurance policy explicitly covers GDPR, social
engineering, contingent business interruption, and enhanced protection
to the C-suite, among other areas," said Benjamin Grosser, At-Bay's
Insurance Product Lead.

Christina Terplan, a partner at international law firm Clyde & Co,
provided legal counsel and contributed to the creation of the form.
"Brokers have seen that their clients need coverage in emerging risk
areas like GDPR," said Terplan. "It's not enough to just write ‘GDPR' in
your form. You need to completely rewrite the definition of ‘Regulatory
Claim' to ensure coverage breadth, and that's what At-Bay has done."

At-Bay leverages cyber expertise and technology to underwrite. At-Bay's
security team provides policy holders with 24/7 security monitoring and
support that helps them avoid breaches, and better manage incidents to
minimize loss. "We scan every client's technology from the outside
during the underwriting process and continue to monitor them and help
them close down vulnerabilities, the moment they emerge. This allows us
to be more aggressive with the breadth of our cyber coverage," explained
Itskovich. "For example, because we analyze our clients' email security,
we can provide up to $10 million of financial fraud, well above most

You can view At-Bay's cyber insurance policy at

About At-Bay

At-Bay is a cyber insurance MGU based in Mountain View, CA, underwritten
by The Hartford Steam Boiler Inspection and Insurance Company (HSB),
part of Munich Re. At-Bay's policies go up to $10M in coverage, for
organizations as large as $2B across all industry classes. At-Bay
launched its insurance program in early 2018 after raising $19M from
leading venture capital firms LightSpeed and Khosla Ventures. Built by
insurance and security experts, At-Bay has redesigned the underwriting
model to build insurance for the digital age.

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