Insurance Business America (IBA) has unveiled its list of the top US cyber insurance companies for 2024.
To identify the leading cyber carriers, IBA engaged industry experts in a 15-week evaluation process. This involved in-depth interviews with specialist brokers and surveys distributed to thousands within IBA’s network, aiming to capture insights on current market preferences and offerings.
Brokers were asked to highlight the most critical features of a cyber insurance policy and rate their experiences with various carriers based on these attributes.
The evaluation criteria included coverage options, policy flexibility, claims handling efficiency, pricing, and the overall quality of the products provided.
Among the 2024 honorees is Tokio Marine HCC – Cyber & Professional Lines Group (CPLG).
CPLG denotes the cyber and professional lines-related operations of Tokio Marine HCC, a part of the Tokio Marine Group.
Established in 1879, Tokio Marine Group reported a market capitalization of $49 billion as of December 31, 2023. Headquartered in Houston, TX, Tokio Marine HCC is a prominent specialty insurance group with significant financial strength ratings: A+ (Strong) from S&P Global Ratings, A++ (Superior) from AM Best, and AA- (Very Strong) from Fitch Ratings.
The Tokio Marine HCC brand encompasses affiliated companies under HCC Insurance Holdings, a Delaware-incorporated insurance holding company.
CPLG delivers specialized insurance solutions nationwide, with a focus on cyber liability, professional liability, and turnkey reinsurance products.
See the rest of the list of winners by reading the IBA 5-Star Cyber 2024 special report.
