Our syndicate is geared towards investing in insurance products related to IT security and cyber risks, including products addressing the direct cyber crime / terrorism losses, and liability and other risks faced by the IT security industry.
HSC Global Risk has a network of 400+ brokers globally, including US, EEA and Asia-Pacific.
Considering our current performance with products where capacity is granted by Lloyd’s syndicates, we aim to deliver a 5%+ ROI to syndicate token holders.
We are focusing on the corporate /enterprise segments of the market, preferring established IT-companies with large policies.
The FNOL-s are presented to the syndicate through an online interface. Claims handling is performed by a third party administrator, TBD.
The entire premiums volume of this product class on our chosen market is €200 million. The competitors distribute their products mainly through brick and mortar brokers. The premium revenue in this segment has seen a CAG of 20% during the last 5 years.
The main risk is a market risk, more specifically competition. Many insurance industry players are looking more closely into cyber related risks.
Our team has over 200 years of combined experience in writing cyber and liability business. Our other lines of business include over mitigating GDPR risks, and covers for cyber crime losses.