1 February 2023Analysis

Aon launches digital platform to bring cyber and financial cover to small clients

Aon has launched a new small business broking centre for cyber and financial lines insurance: CyFi. Designed to negotiate and execute cyber and management liability insurance lines for small commercial businesses, it provides a technology-driven process.

CyFi combines the market scale of Aon’s Commercial Risk Solutions with technology-driven processes to offer a full range of insurance products that can be tailored to each client.

Its team of brokers will act as a resource for policy placements such as cyber liability, errors and omissions, directors and officers liability, employment practices liability, fiduciary liability and crime insurance. Brokers will work with advisors, account executives, small business clients and insurers to create solutions to protect clients.

Devin McGoldrick, Aon’s global digital broking leader, said the centre would enable it to deliver Aon’s industry expertise in cyber and financial lines to small commercial and digital clients.

“With technology-based solutions as the future wave of insurance broking, CyFi is destined to be at the forefront of this new era,” he said.

“The launch of CyFi marks a significant milestone in our journey to become the world's leading provider of cybersecurity and financial lines risk management solutions,” added Jim Loughlin, senior director of broking of Aon’s Small Commercial team in Digital Client Solutions.

“This cutting-edge platform will help our clients stay one step ahead of the ever-evolving threat landscape.”