Simply Business CEO slams “poor” cyber products
New UK CEO David Summers on Simply Business’ strategy, being owned by Travelers and why the broker doesn’t sell cyber insurance.
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
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