ZUG, Switzerland--(BUSINESS WIRE)--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.
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.