BOXX Insurance Inc. partners with Niche Assurance Inc. to bring its cyber insurance solution, Cyberboxx, to small-to-mid-sized enterprises and families in Québec

30 July 2020 - Toronto, ON

Globally recognized cyber insurance specialist, BOXX Insurance Inc. has partnered with Niche Assurance Inc. to provide their prevention-first insurance solution, Cyberboxx to small-to-midsized enterprises (SMEs) and families in Québec. BOXX is backed and approved by Lloyd’s of London as a cyber underwriter. 

Mike Senechal, BOXX’s Chief Operating Officer, commented on the entry into Québec: “Cyber threats effect all companies connecting to the internet. Whether in Toronto, Halifax or Montréal, businesses are increasingly dependent on the internet to run their operations. More recently business, of all sizes, have become increasingly dependent on employees telecommuting from home and using less secure home devices and networks.”

Québec has the second highest number of SMEs in all of Canada. Many of them are at risk from a cyber attack but uncertain how to stay protected. “That’s why we built Cyberboxx—to help businesses stay ahead of cyber threats by combining cyber insurance, employee training and cyber security into one, affordable solution,” said Co-Founder and CEO of BOXX Insurance, Vishal Kundi.

"Now, more than ever, cyber protection is critical for businesses of all shapes and sizes in Québec,” said Mark Pedicelli, President of Niche Assurance. “BOXX’s cyber insurance products and services are giving Québec-based business owners the protection they need to stay ahead of cyber threats and the confidence to know they can respond and recover if the worst happens. We look forward in supporting Québec brokers in the distribution of their unique product."

Whilst the media spotlight is on the big hacks that happen to big companies, analyst reports suggest that up to 70% of hacks target SMEs.

For further information:

Alex Tomaszewski - alex@hottake.ca

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About BOXX Insurance 

BOXX Insurance Inc. is a Lloyd’s of London backed cyber insurance provider. Its mission is to help families and small businesses stay ahead of cyber threats with its market leading solution that combines security, employee training and cyber insurance. In 2020, BOXX was recently selected by Lloyd’s of London for its globally respected Lloyd’s Lab innovation program as one of only two firms in the global cyber category. It was also invited to participate in the Monetary Authority of Singapore’s Global Fintech Hackcelerator program and the Canadian Government trade commission’s fintech program in Singapore and USA.

 

To learn more, visit www.boxxinsurance.com.

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About Niche Assurance

Adding BOXX, along with their cyber products and expertise, enhances our mission of providing market-specific insurance products. This strategic alliance will benefit Québec-based businesses and brokers seeking solutions in Cyber security and mitigating the ever-growing risks of cyber threats.

To learn more visit www.nicheassurance.ca.

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© 2020 BOXX Insurance. All rights reserved. Cyberboxx is a product and brand name provided by the underwriting division of BOXX Insurance Inc. “Think Inside the Boxx” and “Outsmarting Cyber Risk Together” are trademarks of BOXX Insurance Inc.