The first insurance market of Hippo Connect, which offers cyber protection from BLINK from Chubb
Blink Cyber insurance protects against cyber extortion, identity theft and cyberbullying and covers the cost of recovering and replacing electronic data
NEW YORK and PALO ALTO, May 23, 2022 / PRNewswire / – First Connect and Blink today announced a collaboration to make personal cybersecurity protection available to independent agents participating in First Connect’s insurance technology market platform.
First Connect, a digital platform designed to give independent agents access to some of the best insurance operators in the country, will offer a cybersecurity insurance product insured by BlinkSM from Chubb®. Blink’s Cyber Protection, backed by Chubb, the world’s largest publicly traded property and accident insurance company, provides stand-alone coverage that insures customers against cyber risks such as cyberbullying, online extortion and identity theft, and covers recovery costs and electronic data replacement.
First Connect Insurance Services LLC, a subsidiary of Hippo Insurance Group, is designed to provide independent agencies with access to national insurance carriers with zero access fees. Blink of Chubb offers personal insurance products distributed through employee benefits, D2C, insurance carriers, digital brokers and affinity partners, including First Connect.
The Blink and First Connect collaboration provides agents with state-of-the-art cyber coverage designed to help users protect their ever-growing digital footprints from bad actors capable of inflicting emotional or financial damage.
“With multiple devices and online accounts, cyber security is a necessity in today’s ever-connected world,” said the president of First Connect. Aviad Pinkovezky. “By offering Blink cybersecurity, small and medium-sized agencies are gaining access to another national operator and a growing list of fully digital products available on First Connect that can be easily combined with other types of coverage.”
Blink’s cybersecurity meets the needs of customers facing the all-too-common risk of cyber attacks. Victims of cyberbullying are reimbursed for related costs arising from repeated harassment through an electronic device, including psychiatric services and temporary relocation costs. Blink helps customers recover from identity theft or cyber extortion by covering the cost of hiring professional services and money or digital currency paid as ransom.
With Blink, cyber specialists can respond to identity theft and cyber blackmail claims within 24 hours. The policy provides coverage for everyone in a household, including dependents up to the age of 24, and can be extended to up to five additional households to protect the shared digital world of customers.
“Blink is pleased to offer First Connect agents simplified personal cyber insurance without jargon to protect the digital lives of its customers,” he said. Laura Bennett, Senior Vice President of eConsumer for Chubb in North America. “First Connect’s approach to providing fast offers and almost instant bindings has made it a natural platform for offering Cyber Protection to independent agencies.”
To learn more about how First Connect gives independent agencies access to leading insurance operators or to register, visit firstconnectinsurance.com. Additional information about Blink by Chubb can be found at www.blinkinsured.com.
About the Hippopotamus
Hippo’s goal is to make homes safer and better protected so that customers spend less time worrying about the burdens of home ownership and more time enjoying their homes and life inside. Using real-time data, smart home technology and a growing range of home services, we are creating the first integrated home security platform. Hippo is based in Palo Alto, California and offers insurance products that are available to more than 80 percent of U.S. homeowners in 38 states. First Connect Insurance Services LLC is a licensed property accident agency appointed by various insurance companies. For more information, including licensing information, visit http://www.hippo.com.
Chubb is the world’s largest publicly traded property and accident insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and accident insurance, personal accident and supplementary health insurance, reinsurance and life insurance to a diverse group of clients. As an insurance company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and in a timely manner. The company is also defined by its extensive product and service offerings, extensive distribution capabilities, exceptional financial strength and local operations worldwide. The parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Zurich, new York, London, Paris and other places, and employs approximately 31,000 people worldwide. Further information can be found at: www.chubb.com.
SOURCE Chubb and Hippo