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Chubb Limited (CB - Free Report) recently extended its suite of cyber loss mitigation services that will help in lowering the risk of a cyber breach. The newly expanded suite will be available to the property and casualty (P&C) insurer’s policyholders in the U.S. and Canada.
Chubb has earned a name for itself in the cyber insurance market with its in-depth knowledge and high quality services. This in turn has helped its clients to reduce the risks of cyber breaches and incidents, over a considerable period of time. Therefore, the company has urged its policyholders to go for a three-pronged strategy for cyber risk management. The strategy will integrate insurance protection and loss mitigation as well as incident response services to help reduce the risk, both before and after a cyber incident. With the addition of password defense and online security awareness training, which will be given to the company’s policyholders, the company will now be able to create and improve clients’ experience.
Interestingly, the newly expanded cyber suite will comprise password defense, online cyber education courses and premier cyber partner network. These services will protect and secure users from cyber crimes and breaches.
This apart, the Zacks Rank #3 (Hold) P&C insurer’s policyholders will continue to have access to a package of signature assessments, which has been developed to help organizations detect and gauge the key areas of risk, more effectively.
However, shares of Chubb gained 14.1% year to date, significantly underperforming the Zacks categorized Property and Casualty insurance industry’s growth of about 23%.
Nonetheless, substantial improvement, both in the bottom line and top line, along with a robust liquidity position backed by strong cash flow generation, are expected to help the stock turn around in the near future. Further, a strong capital position has not only increased the company’s shareholder value but also enabled the P&C insurer to invest in initiatives to accelerate growth.
Alleghany Corporation deals with P&C reinsurance and insurance businesses in the United States and internationally. The company delivered positive surprises in three of the last four quarters with an average beat of 20.52%.
NMI Holdings offers private mortgage guaranty insurance services in the United States. The company delivered positive surprises in all of the last four quarters with an average beat of 62.80%.
Arch Capital offers property, casualty, and mortgage insurance and reinsurance products worldwide. It delivered positive surprises in all of the last four quarters with an average beat of 9.27%.
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Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
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Chubb Enhances Cyber Risk Management, Increases Services
Chubb Limited (CB - Free Report) recently extended its suite of cyber loss mitigation services that will help in lowering the risk of a cyber breach. The newly expanded suite will be available to the property and casualty (P&C) insurer’s policyholders in the U.S. and Canada.
Chubb has earned a name for itself in the cyber insurance market with its in-depth knowledge and high quality services. This in turn has helped its clients to reduce the risks of cyber breaches and incidents, over a considerable period of time. Therefore, the company has urged its policyholders to go for a three-pronged strategy for cyber risk management. The strategy will integrate insurance protection and loss mitigation as well as incident response services to help reduce the risk, both before and after a cyber incident. With the addition of password defense and online security awareness training, which will be given to the company’s policyholders, the company will now be able to create and improve clients’ experience.
Interestingly, the newly expanded cyber suite will comprise password defense, online cyber education courses and premier cyber partner network. These services will protect and secure users from cyber crimes and breaches.
This apart, the Zacks Rank #3 (Hold) P&C insurer’s policyholders will continue to have access to a package of signature assessments, which has been developed to help organizations detect and gauge the key areas of risk, more effectively.
However, shares of Chubb gained 14.1% year to date, significantly underperforming the Zacks categorized Property and Casualty insurance industry’s growth of about 23%.
Nonetheless, substantial improvement, both in the bottom line and top line, along with a robust liquidity position backed by strong cash flow generation, are expected to help the stock turn around in the near future. Further, a strong capital position has not only increased the company’s shareholder value but also enabled the P&C insurer to invest in initiatives to accelerate growth.
Stocks to Consider
Some better-ranked stocks from the insurance industry include Alleghany Corporation , NMI Holdings, Inc. (NMIH - Free Report) and Arch Capital Group Ltd. (ACGL - Free Report) . Each of these stocks sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Alleghany Corporation deals with P&C reinsurance and insurance businesses in the United States and internationally. The company delivered positive surprises in three of the last four quarters with an average beat of 20.52%.
NMI Holdings offers private mortgage guaranty insurance services in the United States. The company delivered positive surprises in all of the last four quarters with an average beat of 62.80%.
Arch Capital offers property, casualty, and mortgage insurance and reinsurance products worldwide. It delivered positive surprises in all of the last four quarters with an average beat of 9.27%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>