Coterie teams up with Berkley Re to provide cyber insurance for evolving business risks

Coterie Insurance, a technology-driven managing general agent (MGA) focused on simplifying small business insurance, has introduced cyber insurance to its platform through a new collaboration with Berkley Re Solutions and TransUnion.

Leveraging coverage from Berkley Re Solutions and cyber services from TransUnion’s TruEmpower™ Cyberscout solutions, Coterie now integrates Berkley Re’s tailored turnkey solutions into its already smooth user experience.

“Our agents and brokers have been asking for expanded coverage options as small businesses are at risk for numerous perils, including increasingly becoming targets for cybercriminals,” added Bobbie Collies, Chief Insurance Officer at Coterie Insurance.

“Now Coterie users can easily add cyber insurance to new policies quickly and efficiently, further safeguarding their small business clients.”

Cyber insurance claims hit unprecedented levels in 2023, with more businesses reporting cyber incidents than ever before, as noted by the HIPAA Journal.

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