What is cyber insurance?

Unfortunately, data breaches and other cyber crimes are becoming way too common. In the past couple years, data breaches have resulted in major fines and legal fees – not to mention headaches – for a discount retail chain, one of the nation’s largest banks, a well-known health insurer, an entertainment network and the federal government.

But it’s not just large organizations that are susceptible to being hacked or getting a virus. Did you know that 55% of small businesses have experienced a data breach and that 53% have had multiple breaches?1

A data breach can damage more than just your small-business computer system – it also can damage your reputation and put your customers and/or employees at risk. That's why cyber insurance can be a smart precaution for any size business.

What is cyber insurance?

Cyber insurance generally covers your business' liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers and health records.

Won’t my general liability policy cover cyber liability?

General liability insurance covers bodily injuries and property damage resulting from your products, services or operations. Cyber insurance is often excluded from a general liability policy.

What does cyber insurance cover?

• Besides legal fees and expenses, cyber insurance typically helps with:
• Notifying customers about a data breach
• Restoring personal identities of affected customers
• Recovering compromised data
• Repairing damaged computer systems

Most states require companies to notify customers of a data breach involving personally identifiable information2– a process that can be very expensive. And even though most states don’t require companies to offer free credit monitoring following a breach, such a gesture goes a long way with public relations.

Cyber insurance from Nationwide

Nationwide, together with Hartford Steam Boiler (HSB), offers cyber security coverages and services to small business owners. We offer three cyber insurance coverages and services:

• Data compromise protection, which includes credit monitoring and services provided by a public-relations firm.
• Identity recovery protection, which helps victims of identity fraud restore their credit history.
• CyberOne protection, which protects your business against damage caused by a virus or computer attack, as well as helping with the cost of restoring and recreating data.

We also offer tips to help you manage your computer and technology risks resulting from data loss, data breaches, denial of service attacks, malware, viruses and more.

1http://www.insurancejournal.com/news/national/2014/11/24/347795.htm 
2http://www.ncsl.org/research/telecommunications-and-information-technology/security-breach-notification-laws.aspx

Product, coverage, discounts, insurance terms, definitions, and other descriptions are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in your individual insurance contracts, policies, and/or declaration pages from Nationwide-affiliated underwriting companies, which are controlling. Such products, coverages, terms, and discounts may vary by state and exclusions may apply.

DIGITAL INSURANCE: HOW TECHNOLOGY MAKES CUSTOMER LIFE

After books, shoes, clothing, electronics and a variety of tangible goods, the time has come for insurance policies to be marketed over the Internet. So are the new digital tools available to insurers and brokers to improve the customer experience after purchasing the service, which has attracted investments in technologies to modernize this sector.

This process meets a new customer profile, more digital and demanding, and still needs to be captivated. To get an idea, a survey by online insurance broker Mongeral Aegon pointed out that 90% of its sales were made to new customers. Of these, 53% are between 18 and 37 years old, which reflects, besides the concern with the acquisition of this type of product appearing earlier, also the arrival of clients more connected and anxious for technologies that facilitate their day to day through solutions.

This is because, the timing of the purchase is only one phase, the gateway to a much greater experience. For the insured, there is no point in buying without complications, if the use in practice does not follow the same logic. If acquiring insurance was easy, using it should also be simple.

And the demand is urgent for insurers and insurance brokers who want to stay ahead in the market. A recent survey conducted by SAS with 17 Brazilian insurers pointed out that the main challenge in deploying a more modern anti-fraud system, for example, is the lack of resources (financial or IT). A major hurdle for the insurance market, as any company's infrastructure needs to be solid and secure enough to serve as an integration foundation for their systems, ensuring connectivity and quality in interpreting stored information and data.

In addition, bringing new mobile solutions to the reach of the insured, already so present in the daily life of this digital generation, is the way to retain customers and make more practical their journey with the insurer. There are already, for example, brokers and policyholders who treat virtually all matters relating to the franchise. And it does not stop there: processes like the inspection and the warning of sinister, for example, already can be done with just a few clicks, in the palm of the hand.

Solutions like these put the insurance market in the digital age. In a time when we do everything by the smartphone, the union between specialists of the insurance market and technology is fundamental to bring applications that increasingly complicate the day to day of people.

* Leonardo Borges is Director of New Business at WDEV, a company specializing in technology solutions for the insurance market.

Technology in the Insurance Market

Event brings together key insurtechs, insurance technology companies in the country

The use of technology is changing the insurance market in Brazil. In the last two years, insurtechs, insurance technology companies, have emerged with the promise of simplifying and making the insurance process more accessible. The model already accounts for approximately 10% of insurance sales in developed countries. In Brazil it is still new, but online sales already show growth. The trends of this new market will be discussed starting tomorrow (05.04), at Insurtech Brasil 2018, in São Paulo.

One of the startups at the event is the Segurize, launched in November 2016, the company has created a sales application aimed at people who are behind an extra income and want to indicate potential insured for the Segurize. For Keyton Pedreira, CEO of Segurize, "the future has already landed in the insurance industry. Without technology, a huge contingent of consumers would not be properly served. " He says that "in Brazil, insurtechs are promoting the modernization of the insurance industry, making bureaucratic processes and making insurance more accessible to the customer."

Segurize works as follows: after registration and approval as 'segurizer', users can indicate the products available to family, friends or acquaintances. "Every indication that becomes a business by Segurize, which is an insurance broker, will be worth points that can be exchanged for prizes or money," explains Keyton. The idea was to start with three types of insurance, and today, in negotiation with insurers.

Like Segurize, other successful cases will be presented during Insurtech Brasil 2018. For Keyton, Brazilian creativity has been contributing to the development of applications and startups. The markets are constantly changing and there are entrepreneurs attentive to the needs, bringing solutions, new services and platforms. And with the insurance market would not be different. He says Segurize came up during a course for entrepreneurs promoted by Exame magazine. "The moment is innovation and events like Insurtech Brasil 2018 contribute to this technological transition."

More information about the event at http://insurtechbrasil.com

How do I know which insurance is right for me?

Making the purchase of auto insurance is something that needs to be thought of, mainly because of the use of the vehicle. There are several types of profiles and needs when we talk about car insurance, so having the help of a professional in the area is essential. Evaluating the profile and product chosen will be punctual attitudes towards a quieter policy term.

It is noteworthy that there are no rules to determine the most appropriate insurance for a person. This depends a lot on the conversation that you, the insured, will have with your broker, he needs to understand your needs, analyze your profile and know even a little of your day to day.

At Minute Insurance, for example, you can fill out the form and consult one of our extremely competent employees. Based on the information we collect, we may provide insurance that is right for you.

It is important that you also keep in mind which services are essential on a daily basis. We have specialized professionals to help you identify the differentials of each insurance. If you prefer, please contact us for free on 0800 773 3000.

Choice of insurance coverages

Depending on its use, you can choose several coverages, because, certainly, some will meet the sought. Comprehensive coverage, for example, better known as complete insurance, will guarantee indemnities in cases of claims such as theft, robbery, collision, fire, flood, rollover, skidding, hail, earthquake, partial losses, total losses, among others.

There are also the more restricted coverages, which only cover robberies and robberies. But if you use the car more often, maybe this is not the most assertive choice for your case and the value of the insurance paid does not differ so much. It is worth making a quotation with the Minute to see values ​​and the coverage of each insurance.

There are also additional coverages such as damage to third parties, glass cover, car spare ... All this and whatever else you wish can be negotiated and customized in Minute Insurance. If you can not stay a day without the car, hiring a car insurance with car reservation becomes mandatory.

Glass covers, on the other hand, usually have an extra low price for very large help. Mirrors, lanterns, headlights, windshields are expensive items, but with glass cover, this cost is reduced considerably. Saving on hiring this coverage can be very expensive in the future.

If you have no idea what type of insurance to choose, or what the coverages mean, watch the video below to demystify the security and all of these terms:

In addition, the service of the Minute is characterized by the quality and attention to the client. We have already recorded more than 1,100 compliments on our satisfied customer testimonials page.

The Minute has also been recognized with several prizes such as the indications followed by the Época ReclameAQUI Award, of which we were the winners in 2014 and finalists in the editions of 2015 and 2016.

The process in the Minute is very simple: they are quotations totally online and without secrets. You choose which type of insurance you want to quote, fill in with the necessary data so that we can forward the most varied proposals by email, with prices and plans according to your profile. A consultant will also contact you to assist you in the negotiation. But, if you prefer, the process can be done by email.

How do I trigger insurance?

The triggering of car insurance may be necessary at times during the term of the policy. When a loss occurs, either by means of a partial or total loss. or any theft, you can contact your insurer so that there is no further damage. You can also contact Minute Insurance, if you are our client, to assist in the necessary procedure. It is worth mentioning that to fix a third person car, you need to have this coverage included in your insurance. And to make the repair of your car, you will need to pay the deductible. If you still do not know which insurance is best for you, access this link here.

But, the act of triggering insurance can be done in a more efficient way, directly influencing the agility of their care. In the event of road accidents or needing to be towed or rescued for resolution, you should call the 24-hour, 7-day-a-day call center directly.

The Minuto works with these insurers: AIG Seguros, Allianz Seguros, Azul Seguros, Bradesco Seguros, Chubb Seguros, HDI Seguros, Itaú Seguros, Liberty Seguros, Mapfre Seguros, Mitsui Seguros, Porto Seguro, Sompo Seguros, SulAmérica Seguros and Tokio Marine Seguros, go to the page of your to check the phone of the Assistance 24 hours of each one. On the other hand, if it is the case of beats and accidents considered lighter, contact Minuto Seguros on 0800 773 3000 or through our chat for an evaluation to be made and thus indicate the next step.


Contact an insurance

Whenever there is a crash, even if it is of smaller proportions, all persons involved in the accident should make a report of occurrence. This is the first step in getting the insurance started. In the document will be all history and how it was unfolding in the vision of all people. At the end, there will be the signature of those involved certifying the truthfulness of the story. Therefore, if you are not present, you will not have the opportunity to give your version. Then contact your insurer or insurance broker for assistance in the claim process.

This process is of the utmost importance, especially if you were the one to blame, because you will need the B.O to trigger insurance when contacting the insurer.

It is also important to get all the information from the people who were involved, such as the full name, CPF, telephone number, license number and car license plate. After collecting this information, go to the nearest police station with the intention of making the report of occurrence, in order to then trigger the insurer.

A valid tip before driving the insurer is to know how much it will cost to clean up each vehicle involved in the crash. This is because the insurer in question will only pay for the repair of your car if the value is higher than the deductible (this amount can be consulted in your insurance policy or by contacting your insurance broker). And, in case of a third-party car accident, that is, in vehicles that have suffered damages because of it, the insurance that has such coverage makes repairs up to a limit value, which is also possible to be found in the policy.


Timetable for the Minute Insurance in case of accidents

Minuto Seguros has a flexible working schedule that seeks to satisfy the needs of all clients, as well as helping us with a very broad workload. Remember that Minuto Seguros is an insurance broker and not the insurer, so if we are not on time, you can call the insurer directly, who will give you all the necessary support to solve the most urgent issues, such as beats, accidents, electric loops, etc.

The contact in Minuto Seguros can be done Monday to Friday, from 8am to 9pm, or Saturday from 10am to 4pm, except when there are national holidays. Our number is 0800 773 3000 and the call is free, but if you prefer, you can access the chat online at our website.

The insurance companies have 24 hours a day and 7 days a week, regardless of the day.

How much does insurance cost for my car?

How much does a car insurance cost?

The price of insurance is not tabulated, there are always many variations that make this change occur. When closing auto insurance, many factors influence the final pricing, such as car price, age, maintenance price, theft rate, accident rate, etc. Therefore, all insurance will have different prices invariably. There are many points that are analyzed by insurers and that interfere directly, whether for more or for less. Therefore, when making an insurance quote, a validity period of 7 days is passed, as the value has a high chance of being changed after this period.

The question "what is the price of my car insurance?" Does not have an exact answer. To know a precise value and without errors, make a quotation now. You will receive the values ​​by email in a short time and you will know exactly what the value is.

What influences the price of auto insurance?

To quote auto insurance, many factors are taken into account, but the main ones are: the model of the vehicle, region of circulation, coverage and profile of the insured. It is worth emphasizing that in the profile of the insured some characteristics are taken into account, such as age, sex, marital status, where he lives and where he works.

Some information on the use of the car also strongly influences the price of the insurance: vehicle year, make, model, mileage, mileage per month, major zip code, overnight zip code, if the car spends the night on the street, garage, in addition to how the car is used, whether for leisure or commercial purposes.

Coverages chosen also influence the price of insurance

The choice of coverages will also make vary the price of insurance, after all, the more coverages, the higher it will be, but the safer you will be.

Coverages and services that will be contemplated can be defined by you at the time of the negotiation. At Minuto, we offer a team of highly qualified consultants to customize a plan that is unique to you and your needs. For example, insurance that does not cover accidents or third parties will usually cost less, as insurance covering it will cost more. A covered insurance will cost more than insurance that does not cover this coverage.

But, remember: low price is not always synonymous with economy. Watch the video below and understand how to save on auto insurance:

Vehicle Theft Index

Also taken into consideration is the theft rate of each vehicle. There are cars that the theft rate is much higher than that of others. This invariably raises the price of insurance.

Human and personalized service

Therefore, when choosing your insurance, contact Minute. Here we will offer a human support that will show exactly what you need when closing perfect insurance with the ideal coverage.

One of our consultants will talk to you and better understand your needs, indicating the most feasible options for each case. Make a free online quote now or contact us for free by calling 0800 773 3000. You can also visit our Contact Us page and see other ways of contact, such as chat or email.

Why have an Auto Insurance?

Car insurance is a protection that goes far beyond the known and recurring problems we see out there such as accidents, crashes and thefts. Hiring the auto insurance ensures peace of mind to guide the vehicle and be protected in various situations, such as unforeseen collisions that damage your car and others to 24-hour assistance in cases of electric locks or problems that make it impossible to operate Of car.

A car insurance is essential to people who acquire such an important asset and do not want to leave it unprotected. When purchasing the vehicle, take into consideration the value of the car insurance is crucial, after all it is an additional that needs to be included. To do this, look for an insurance quote for your vehicle and know the values ​​involved in the protection. Make a car insurance quote with Minute Insurance, receive the values ​​by email and close the deal as soon as possible!

How to Save on Auto Insurance
Economics is not always tied to low prices. See how Minute Insurance helps you save money.

- Compare offers
- Insurance plan appropriate to the profile
- Use of products and services
- Inclusion of additional coverages
- Support of professionals who understand the product