CPP GROUP UK extends Cyber deal with SPARKASSENVERSICHERUNG
Expanded launch of dark web monitoring tool with Germany’s leading home insurance and pensions provider
InsurTech CPP Group UK has extended its partnership with Germany’s insurance and pensions giant SV SparkassenVersicherung (SV) following a successful trial of its dark web monitoring tool OwlDetect.
Initially offered solely as a membership benefit to new customers of the home insurance and pension provider, OwlDetect is now available to existing SV customers as part of the company’s permanent cyber proposition. The combined offering is designed to help protect tens of thousands of SV customers against online identity theft, incidents of which increased by 41% in 2020.
OwlDetect continuously scans the dark web and illegal websites, enabling SV customers to monitor if sensitive data, such as bank details, credit card details or passport numbers, has been compromised. If necessary, the tool then alerts users, providing them with an action plan to minimise risks and resolve any sources where a data breach could occur.
Since the launch of the combined cyber product a year ago, the uptake rate for OwlDetect has rapidly risen above the market average. SV continues to work with CPP Group UK to deploy the OwlDetect technology from its operations base in Leeds, as well as the EU Hub which manages customer delivery.
Perry McShane, sales manager at CPP Group UK says:
“The extended launch of OwlDetect with SV supports CPP UK’s vision to help insurers best protect their customers from the very real threat of cybercrime – an issue that Covid-19 and accelerated digital transformation has only aggravated.
“The success of the launch also promises to develop CPP’s already extensive community of international partners, as SV belongs to the Verband öffentlicher Versicherer (VoV) network – the second largest force in the German primary insurance market.
“We look forward to a long and fruitful partnership with SV and the further opportunities it may bring for CPP in German and EU markets.”
Perry McShane, Sales Manager
Jörg Friederich, head of department at SparkassenVersicherung, adds:
“We are continuously looking for ways to add value to the products and services we offer our customers. This cyber protection add-on from CPP Group is an innovative technology solution. OwlDetect solves a very real, modern day problem for customers and fits with our mission to constantly strive to improve the customer experience.”