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.
Please visit the following for further information on Allied World: Web: www.awac.com |
Facebook: www.facebook.com/alliedworld |
LinkedIn: https://www.linkedin.com/company/allied-world
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.
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