SUNNYVALE, CA (BUSINESS WIRE) — Mulberri, an AI-driven insurance platform, announced it has partnered with Acronis, a global leader in cyber protection, to embed Mulberri’s Cyber Insurance to Acronis small and medium-sized businesses customers based in the U.S.
Through this partnership, Acronis customers can opt-in for Mulberri’s embedded Cyber Insurance directly through the Acronis platform. This seamless embedded approach will streamline Cyber Insurance access to Acronis customers in minutes. Acronis natively integrates cybersecurity, data protection, and endpoint management for managed service providers (MSPs) and small and medium businesses (SMBs); however, added Cyber Insurance inserts a layer of protection. This partnership enables Acronis and Mulberri to provide end-to-end solutions to Acronis customers.
Mulberri’s Cyber Insurance is AM Best rated and it represents a significant step forward in the cyber insurance market, which has struggled to streamline insurance for SMBs. Extensive and complex underwriting questions paired with cumbersome enrollment steps have contributed to less than 5 percent of SMBs buying cyber insurance. Mulberri is seeking to change this. Mulberri Cyber Insurance is a unique product – a standalone policy, with $250,000 and $500,000 policy limits and fixed premiums – that is approved and regulated by state insurance authorities. The low premium and policy limit provide important base coverage while being affordable to any SMB.
“Our embedded partners are used to having to think twice about selling cyber insurance to SMBs as it slows down the sales process with questions and due diligence,” said Hamesh Chawla, co-founder and CEO at Mulberri. “We have removed these barriers and lowered the policy limit, creating an entry level program meant to provide cyber insurance coverage to businesses that have not had it in the past. We are thrilled to contribute to SMBs having peace of mind that they are covered against increasingly common cyber-attacks that can have catastrophic consequences on their businesses.”
Mulberri’s Embedded Cyber Insurance consists of three main value propositions:
- Simple: Same base coverages provided in all policies, reducing confusion and complexity; pricing structure based on revenues, presented in a straightforward matrix format; requires answering just one question.
- Frictionless: Simplified and streamlined underwriting process to minimize the steps involved in purchasing and binding the policy.
- Embedded: Seamlessly integrates the cyber insurance policy into the sales cycle.
Cyber insurance is just one of the ways Mulberri is reinventing embedded insurance. Mulberri is also exploring other innovations in terms of product offerings and embedded partners as the company continues to create simple and frictionless insurance and risk management solutions for SMBs.
To learn more about how the Acronis integration with Mulberri’s cyber insurance offers simple, fixed premiums, and an embedded approach, helping protect businesses from potential financial ruin caused by cyberattacks, please visit: solutions.acronis.com/en-us/integrations/mulberri-cyber-insurance/.
For further information visit mulberri.io.
ABOUT MULBERRI
Mulberri is an innovative insurtech company that is transforming the insurance industry with advanced technology and a cutting-edge cyber insurance program. Their platform provides businesses of all sizes, including PEOs, brokers, small-medium businesses, and carriers, with comprehensive cyber insurance coverage, streamlined processes, and advanced risk management tools. Mulberri simplifies the insurance experience, making it efficient, transparent, and tailored to address the unique cyber risks faced by businesses. Learn more about Mulberri by visiting mulberri.io and stay connected on Twitter and LinkedIn.
ABOUT ACRONIS
Acronis is a global cyber protection company that provides natively integrated cybersecurity, data protection, and endpoint management for managed service providers (MSPs), small and medium businesses (SMBs), and enterprise IT departments. Acronis solutions are highly efficient and designed to identify, prevent, detect, respond, remediate, and recover from modern cyberthreats with minimal downtime, ensuring data integrity and business continuity. Acronis offers the most comprehensive security solution on the market for MSPs with its unique ability to meet the needs of diverse and distributed IT environments.
A Swiss company founded in Singapore in 2003, Acronis has 45 locations across the globe. Acronis Cyber Protect is available in 26 languages in 150 countries and is used by over 20,000 service providers to protect over 750,000 businesses. Learn more at acronis.com.
