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CloudInsure, Guy Carpenter team up to offer privacy, security liability coverage

Global risk and reinsurance intermediary Guy Carpenter & Company and CloudInsure have teamed up to address and bring emerging insurance services that is in line within the Cloud technologies.

Under the agreement, the cloud insurance platform will try to set up relationships with primary insurers to offer privacy & security liability coverage in order to meet the needs of the Cloud Computing space for enterprise customers.

Guy Carpenter vice president Tony Jones said, "We believe that CloudInsure has developed a sustainable solution and methodology, based on solid analytics and data, which will foster this emerging marketplace."

"Guy Carpenter’s role as a trusted reinsurance intermediary uniquely positions us to assist in further advancing this marketplace by creating the risk transfer mechanisms and innovations necessary to support primary insurer adoption on a mass scale."

CloudInsure is a wholly owned subsidiary of Cyber Risk Partners that offers an insurance platform to address emerging liabilities within the Cloud environment as well as provides underwriting models and proprietary analytics.

A unit of New York-based Marsh & McLennan, Guy Carpenter has more than 50 offices across the globe that creates and implements reinsurance services and delivers capital market technologies for clients.