Simply Business CEO slams “poor” cyber products

Simply Business does not currently sell cyber insurance, because “offering a product that is low value and doesn’t serve the need is irresponsible”, according to UK chief executive officer David Summers.

He told Insurance Age: “If you look at the match between what consumers think they are asking for and the cyber products being sold today it’s pretty damn poor.”

Summers noted that cyber insurance is a difficult market that Simply Business’ panel of insurers does not see as “an obvious and