CloudInsure, the world's first cloud insurance platform designed to specifically address emerging liabilities within the Cloud environment, announced today an agreement with Guy Carpenter & Company, LLC, the leading global reinsurance intermediary. Through this agreement, CloudInsure will be positioned to establish relationships with primary insurers to offer privacy & security liability coverage to meet the growing needs of the Cloud Computing space for enterprise customers, bringing insurance solutions that move at the pace of Cloud technologies.
"We believe that CloudInsure has developed a sustainable solution and methodology, based on solid analytics and data, which will foster this emerging marketplace," said Tony Jones, Vice President at Guy Carpenter. "Guy Carpenter's role as a trusted reinsurance intermediary uniquely positions us to assist in further advancing this marketplace by creating the risk transfer mechanisms and innovations necessary to support primary insurer adoption on a mass scale."
CloudInsure CEO, Mike Paisan commented on the collaboration between Guy Carpenter and CloudInsure, stating " The insurance industry needs the cloud industry, and cloud industry needs the insurance industry – they just don't know it yet." Mr.Paisan stated in conclusion, "We see that for Cloud Companies, and Tech in general, innovation and adoption is happening at a faster rate than a single insurance company can manage on their own, we anticipate great support and partnerships from the primary insurance, with opportunities in these markets on the scale of cloud.
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