Generali Strengthens Financial Lines Portfolio with Cyber Insurance for IFAs

Generali, through its UK branch, today announces the launch of primary cyber insurance for its Independent Financial Advisor (IFA) clients. The new product is developed and managed by Generali Global Corporate & Commercial (GC&C) UK, reinforcing its commitment to tailored solutions for the UK market.

This new offering provides indemnity for cyber exposures for IFAs and complements the ongoing professional indemnity commitments that Generali UK has made to the UK IFA market.

Generali’s UK IFA clients will in addition benefit from our in-house claims expertise which complement our Financial Lines offerings.

Luke Harris, Product Head PI & Tech E&O at Generali UK, comments: “The landscape for IFAs is becoming increasingly complex. Having listened to our broker partners and clients, Generali believes we are uniquely positioned within the IFA market to provide solutions to their concerns. Importantly, our proactive in-house claims expertise will enable clients to benefit from this new innovation and offer clarity when they need it most.”

Jeremy Cottle, Head of Financial Lines at Generali UK, adds: “We are excited to launch this complementary product and believe that this coupled with our affirmative AI solution will continue to differentiate Generali UK from other IFA insurers. We look forward to working with our broker partners in rolling out this solution.”