Shearwater Group PLC Xcina partners with Moorhouse
18 Janeiro 2019 - 5:00AM
RNS Non-Regulatory
TIDMSWG
Shearwater Group PLC
18 January 2019
RNS Reach
18 January 2019
SHEARWATER GROUP PLC
Xcina partners with Moorhouse to develop cyber risk technology
solutions for insurance market
Shearwater Group plc (AIM: SWG, "Shearwater" or the "Group"),
the digital resilience group, announces that its portfolio company
Xcina, a leading provider of governance, compliance, technology
risk and information security assurance and advisory services, has
secured a partnership with Moorhouse Group Limited ("Moorhouse"), a
UK insurance broker. This partnership is developing cyber risk
technology solutions and mobile applications for the mass insurance
market to provide an end-to-end response service for all policy
holders.
This partnership will see the roll-out of a series of
applications and services aimed at risk assessment, threat
detection, incident response, critical resource application and a
virtual cyber incident response team, to address the shortfall in
the number of UK SMEs purchasing adequate cyber insurance
policies.
The first app will launch in February 2019 and will be made
available to Moorhouse's 46,000+ clients. The risk assessment app
will allow SMEs to assess a cyber threat and the risk it poses,
generating reports to recommend next steps towards managing the
risk and providing preventative measures as part of a wider digital
resilience strategy. The app will enable SMEs to maintain
appropriate insurance levels and access remedial cyber services to
address critical weaknesses.
Michael (Mo) Stevens, Group Chief Executive Officer at
Shearwater, said:
"This partnership is a significant development for Xcina as it
continues to drive our national digital resilience agenda.
Moorhouse shares our commitment to providing bespoke, tailored
solutions that ensure SMEs have the right policies, processes and
technologies in place.
"It is estimated that more than 60% of UK businesses describe
their cyber insurance as not being based on an accurate assessment
of their firm's individual risk. Our collaboration will help
address this within the insurance market."
Lyndon Wood, Chief Executive Officer at Moorhouse, said:
"Our aim is to ensure that our customers have full protection
and awareness of their business risks for long-term stability and
business longevity.
"This collaboration with Xcina underscores our commitment, as a
trusted insurance service partner, to enable SMEs to accurately
assess their risk profile and choose the right cyber insurance
policy to protect their business."
Enquiries:
Shearwater Group plc www.theshearwatergroup.co.uk
David Williams c/o Instinctif Partners
Michael (Mo) Stevens
Cenkos Securities plc - NOMAD
and Broker
Max Hartley - NOMAD
Julian Morse / Michael Johnson
- Sales +44 (0) 20 7397 8900
Instinctif Partners - Financial shearwater@instinctif.com
PR +44 (0) 20 7457 2815
Adrian Duffield / Chantal Woolcock
About Xcina
Xcina provides digital, operational and regulatory services in
support of end-to-end resilience and risk management for SMEs.
Xcina helps companies prepare for increasing legislative and
regulatory demands on how data is held and processed. This is done
via tailored digital strategies and a range of services, including
consultancy, training, ongoing monitoring, analysis, detection, and
response to cyber threats. Xcina supports resilience and business
continuity using its proprietary capability maturity model, which
focuses on the three core pillars of people, process and
technology.
Xcina is a Shearwater Group plc portfolio company.
About Moorhouse
Moorhouse and its online insurance quote comparison service,
constructaquote.com, provides insurance products to the UK micro
business and SME market. The products it offers from its panel of
insurance providers range from public and employer liability
insurance and professional indemnity, to insurance cover for plant
and machinery, van insurance and goods in transit.
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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