Assurant, Inc. (AIZ - Analyst Report) recently joined forces with website security company, GamaSec, to significantly reduce the risk of potential cyber breaches faced by small and medium business websites.
GamaSec is a cyber-security company that helps its clients by lowering the risks and fortifying businesses against cyber breaches and other threats on their web applications. The tie up with Assurant has led to the introduction of GamaCyber, which is a combination of website security and limited data-breach warranty. Assurant will support the limited warranty issued by the cyber-security company with its new offering. Clients’ demands for cyber security and warranty protection at an affordable price have resulted in the creation of this offering.
The warranty offered will help businesses pick up pace after recovering from damages from the website or web application attacks. The warranty will help the businesses with costs associated with data restoration, customer notification, credit monitoring, public relations and more of up to $50,000.
Small and medium scale businesses are always vulnerable to data and cyber breaches. Being a risk management specialist, Assurant will be able to support these businesses through GamaCyber website security offering.
This partnership marks Assurant’s latest initiative in a slew of technology-based innovations undertaken for risk management. The multi line insurer remains committed toward deploying innovative products and services and adding new partnerships in future. Assurant will thus boost its growth and improve the quality of its services, which will be beneficial to its clients.
Currently Assurant carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks from the same space include CNO Financial Group, Inc. (CNO - Analyst Report) , ageas SA/NV (AGESY - Snapshot Report) and James River Group Holdings, Ltd. (JRVR - Snapshot Report) . Each of these stocks holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CNO Financial, a multi line insurer, saw its Zacks Consensus Estimate inch up 1.5% and 0.6% for 2016 and 2017, respectively over the last 60 days.
James River Group, another multi line insurer, saw its Zacks Consensus Estimate inch up 1.9% and 0.9% for 2016 and 2017, respectively over the last 60 days.
ageas SA/NV, an international insurance company, witnessed its Zacks Consensus Estimate increasing 52.1% and 2.1% for 2016 and 2017, respectively over the last 60 days.
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