Howden launches new cyber insurance solution backed by Mosaic, Chubb and LSM

Global insurance intermediary group Howden has launched Howden Safe+, a cyber insurance solution developed in partnership with Safe Security aimed at clients with revenues between $250 million and $2 billion.

Backed by Mosaic Insurance, Chubb and Liberty Specialty Markets, Howden Safe+ reportedly enables quicker risk assessment without compromising coverage quality.

Clients are said to be required to answer 30% fewer underwriting questions while gaining more objective insights into actual cyber risk gaps and exposure while obtaining a quote versus competitors.

“Howden Safe+ combines Howden’s global broking expertise, SAFE Security’s advanced risk-management platform, and Chubb, Liberty Specialty Markets, and Mosaic Insurance’s innovative underwriting of complex risks, and underlines Howden’s ongoing strategy to simplify the process of purchasing cyber insurance for clients of all sizes,” Howden explained.

Jean Bayon de la Tour, International Head of Cyber, Howden, commented, “Following the successful launch of Howden Cyber+ earlier this year, Howden Safe+ is another proactive, seamless, data-driven solution that safeguards businesses while simplifying the purchasing process.

“Safe+ creates a clear, predictable and transparent link between cybersecurity and cyber insurance, ensuring that companies that invest in the latest cybersecurity measures are duly rewarded.”

James Tuplin, Head of International Cyber, Mosaic Insurance, said, “Mosaic is excited about our partnership with Howden, Chubb, Liberty Specialty Markets, and SAFE. We believe inside-out scans powered by SAFE’s software are the future.

“They’re the best way to obtain direct, accurate information around an insured’s cybersecurity posture, and offer far more insightful information, obtained more quickly and efficiently, than the standard application form process.

“Our streamlined process with Howden offers broader coverage at better terms with up-front incentives—it’s how buying cyber insurance should be done.”

Steven Schwartz, Cyber Insurance Leader, SAFE Security, noted, “The Safe+ program in a partnership with Howden is ushering a new paradigm shift across the cyber insurance market. Safe+ enables a new degree of efficiency, transparency, and trust between customers and insurers.

“It’s time we move beyond the death-by-paper cut, tedious renewal application process and focus on continuous risk management with unique policy incentives and partnerships that support the same – this is a defining moment in the cyber insurance market fostering resilience and sustainable growth.”

Raheila Nazir, SVP COG Cyber at Chubb, added, “Chubb is delighted to partner with Howden, SAFE Security, Liberty Specialty Markets, and Mosaic to launch Safe+. Together we are helping businesses stay ahead of cyber threats with our collective real-time insights and innovative risk management underwriting.”

Jelmer Andela, Head of Cyber Underwriting, Liberty Specialty Markets, said, “Liberty Specialty Markets is pleased to support Howden Safe+, making cyber coverage more accessible while highlighting the value of strong cybersecurity. This partnership empowers clients to see real benefits from their risk management investments.”

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