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Meet Meena Wahi

Jun 07, 2018
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Cyber Insurance Liability Insurance Professional Services Insurance IT Consultants Insurance IT Services Insurance

Meena Wahi is an insurance broker from Cyber Data Risk Managers based in Melbourne. We've interviewed Meena to share some of what she loves about working in the insurance industry, her thoughts on where the industry is going

What do you love about being an insurance broker and an insurance expert?

Insurance broking offers the opportunity to add value to clients business, plus I like Insurance because it offers a high ROI to my clients.

What insurance lines are your core areas of expertise? Core areas you service?

Cyber Insurance
Intellectual Property Insurance
IT Liability Insurance
Director & Officers Insurance

What is the most unusual request you've had or heard about?

Another broker, who specialised in different insurance lines referring me their client as they did not fully understand cyber risk

What makes an ideal client? Why?

Someone who understand the risk and obligations and are willing to invest in mitigating the risk. I also like clients who understand emergent risk so take up policies that offer wider coverage.

When have you gone above and beyond for a client?

My client was refused cover by a number of Insurers. When they approach me, I was able to help them understand what they evidence they had to provide of their own internal procedures and controls, I spent a lot of time speaking with their team and explained to them in detail and also provided them with research. This lead to them to follow up on my suggestions due to which they were able to get the insurance cover required.

Why should someone consider using an Insurance Broker?

It is very important to use to an Insurance Broker as they can help you identify exposures, provide information to the underwriter which promises them full coverage, and educates your business about your obligations - so that you have a very high chance of your claim getting accepted.

What areas of insurance should people be aware of over the next 12 mths?

Businesses must do a health check on their insurances as changes in regulations and increase in use of the internet is likely to create more digital risk. Traditional insurance may no longer be relevant or provide adequate coverage from new and emerging risks like Cyber risks.

If you're a broker and would like to be featured on Advisr, please get in touch.

CyberCare

Agile CyberCare covers small businesses against cyber threats and data breaches, including 24/7 emergency response for incidents.

Details Get Quote

Cyber Liability Insurance

Cyber Liability Insurance is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack.

Details Get Quote

CyberSelect

Agile CyberSelect is aimed at mid-market to corporate clients and is a comprehensive Cyber Insurance policy with 16 policy benefits and 24/7 incident response.

Details Get Quote

If you're a broker and would like to be featured on Advisr, please get in touch.

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General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.

Andy Jamieson, ABN 17 613 588 266