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Lloyd’s Market Innovation Awards 2016

Best Coverholder Innovation

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Awards and Recognition

Innovating Insurance for a Secure Tomorrow

Cromar is proud to have received the prestigious “Best Coverholder Innovation 2016” award from the esteemed Lloyd’s market in recognition of our groundbreaking educational engine, www.cyberinsurancequote.gr.

For the second consecutive year, the historic Lloyd’s market, with a rich 330-year history, hosted the “Lloyd’s Market Innovation Awards.” These awards serve as a platform to celebrate and honor innovative products and services crafted by market members, which include syndicates, coverholders, and managing agents. The objective is to drive progress within the market, offering exceptional solutions to its insured clientele.

At this remarkable event, a brand-new accolade was unveiled for the first time: the “Best Coverholder Innovation Award.” Cromar emerged as a proud recipient of this award, solidifying its position as a distinguished entity in the global insurance arena.

Cromar entered the competition with www.cyberinsurancequote.gr, a pioneering training platform meticulously designed to address internet security threats and privacy breaches specifically tailored for small and medium-sized businesses.

This innovative platform empowers potential customers to request a meeting with Cromar’s dedicated representative via a straightforward form. Together, through a comprehensive questionnaire, they can evaluate their company’s current cybersecurity posture and chart a path to insurability. Subsequently, they receive a custom-tailored cyber insurance proposal.

Participation in this competition extended to Lloyd’s coverholders from across the globe. An independent Evaluation Committee comprised of esteemed figures such as Professor Ralph Lewis from the London Business School, Neil Maidment (Chairman of the Lloyd’s Market Association), Justin Emrich (Chief Information Officer at Atrium Underwriters & Chairman of the Innovation Council for the Lloyd’s Target Operating Model), and Gavin Steele (Executive Sponsor for Innovation at the Corporation of Lloyd’s), diligently assessed and acknowledged the exceptional innovation showcased by Cromar’s www.cyberinsurancequote.gr.