Allied World // FrameWRXSM Receives Business Insurance 2016 Innovation Award
March 16, 2016 at 10:41 AM EDT
On March 14th, Allied World // FrameWRXSM (“FrameWRX”), a prescriptive and proactive cyber risk management solution designed to empower companies to address exposure head on, was recognized as the recipient of Business Insurance’s “2016 Innovation Awards.”
The awards recognize innovative solutions that insurance providers are offering to solve problems faced by risk managers and were selected by an independent panel of professional risk managers.
FrameWRX, developed in conjunction with key vendors, offers services designed to enhance an organization’s cyber security preparedness and ability to respond to an event. Dedicated FrameWRX personnel guide Allied World policyholders through a host of risk management solutions allowing organizations to build knowledge of their current privacy and network security posture, as well as work with a select group of vendors to improve in those areas most relevant to the organization.
Lou Iglesias, President of Allied World North America, commented “We’re very grateful to Business Insurance and the “Innovation Award” judges for recognizing the significance of FrameWRX and our team that developed it. FrameWRX signals an important transition in cyber insurance whereby coverage is paired with guided, pre-breach risk mitigation 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.
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