Allied World Announces the Launch of FrameWRX℠, The Next Generation of Cyber Risk Assessment and Mitigation Services
June 02, 2015 at 11:00 AM EDT
Allied World Assurance Company Holdings, AG announced today that Allied World North America has launched Allied World // FrameWRX℠ (“FrameWRX”), a prescriptive and proactive cyber risk management solution designed to empower companies to address this challenging area of exposure head on. This new offering provides our Privacy // 403 SRVS℠ and Privacy // 403 SRVS PRO℠ policyholders with a series of pre-incident risk management services designed to help clients avoid, manage and mitigate privacy and network security-related risks.
The solution includes services such as assisting clients with proactive risk assessments, providing training and awareness, developing and tailoring client policies, and measuring the effectiveness of their incident response processes. Each of the services is intended to allow organizations to build upon their knowledge of their current privacy and network security posture as well as work with expert vendors to improve in those areas most relevant to their particular organization.
“Allied World is proud to announce a proactive risk management solution that provides our policyholders with guided services that fully complement our suite of cyber offerings. As awareness of cyber concerns spreads and the threat landscape continues to worsen, our clients are looking for additional services to assist them in strengthening their organizations. FrameWRX has been built from the ground up with our clients in mind,” commented Christian Gravier, President, Allied World North American Professional Lines Division.
“The cyber security landscape is rapidly-evolving and complex. Allied World is on the front line when it comes to helping our clients proactively address cyber-related concerns. We aren’t just providing these solutions and hoping for the best. Our dedicated FrameWRX personnel will guide clients through the entire process,” said Joshua Ladeau, Practice Lead – Privacy & Network Security, Professional Services.
For more information about FrameWRX please contact: AWFrameWRX@awac.com or call 844.FOR.FWRX
About Allied World
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and AA- by Fitch.
Cautionary Statement Regarding Forward-Looking Statements
Any forward-looking statements made in this press release reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, our forward-looking statements could be affected by pricing and policy term trends; increased competition; the adequacy of our loss reserves; negative rating agency actions; greater frequency or severity of unpredictable catastrophic events; the impact of acts of terrorism and acts of war; the company or its subsidiaries becoming subject to significant income taxes in the United States or elsewhere; changes in regulations or tax laws; changes in the availability, cost or quality of reinsurance or retrocessional coverage; adverse general economic conditions; and judicial, legislative, political and other governmental developments, as well as management's response to these factors, and other factors identified in our filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We are under no obligation (and expressly disclaim any such obligation) to update or revise any forward-looking statement that may be made from time to time, whether as a result of new information, future developments or otherwise.