Technology services and outsourcing firm Accenture has introduced new integrated cyber liability endorsements, in a bid to help insurers to easily create and sell cyber security coverage to customers.
New cyber liability coverage options from Verisk Analytics company, ISO, are now available through Accenture Duck Creek Templates.
Accenture Duck Creek global product lead Patti Griffin said: "As a result of our ten years of working with ISO, we have been able to ensure that the newest rules and regulations are included in Duck Creek Templates so that our clients can continue to reduce costs, lower risks and maintain agility in product development."
Accenture Duck Creek Templates are said to provide an out-of-the-box set of content for ISO, NCCI and bureau products, in addition to an on-going subscription service for circular maintenance.
It is part of the Accenture Duck Creek Suite that comprises policy, rating, billing and claims software components, which can be implemented independently or combined for an integrated approach to manage all aspects of the property and casualty insurance lifecycle.
Verisk Analytics chief marketing officer Chris Perini said: "Our Verisk Strategic Alliance program provides an efficient way for our mutual clients to receive and implement ISO’s industry-leading data and analytics services."
Accenture Duck Creek and ISO have a decade-long alliance that is offering clients with up-to-date templates and around 35 insurers are currently processing ISO-related business using Duck Creek Templates.
Image: Accenture has introduced new integrated cyber liability endorsements for insurers. Photo: courtesy of Stuart Miles/ FreeDigitalPhotos.net.