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New MGA unveils parametric cyber cover with Axa XL backing

By 2023-03-16T12:09:00

cyber insurance (2)

The policy is a ’simple and innovative solution to a complex problem’, according to Axa XL’s UK and Lloyd’s chief underwriting officer

Newly launched MGA Intangic has unveiled its cyber insurance cover for large businesses headquartered in the UK today (16 March 2023).

The cyber underwriter claimed its new parametric policy CyFi would offer public corporations “fast recovery from the material impact of cyber threats”.

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