Lloyd's of London Launches New Cyber Insurance Consortium
ID: 39d55984-77a3-5ed3-bd95-cb51f1e9bd03
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Lloyd’s of London, in collaboration with HITRUST and AA-rated insurers, launched a cyber insurance consortium that offers qualified organizations reduced premiums (starting at 25%), simplified underwriting, and expanded capacity by leveraging HITRUST r2 certification data via a secure API. The initiative features a single-page exclusion model, rapid policy underwriting (as fast as one week), and plans to expand eligibility to additional certifications, potentially including HITRUST’s AI Security Certification in 2025.
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