Fairfirst Insurance is the market leader in cyber-insurance, having launched this product last year and has already some leading banks and financial institutions as their clients, the company said in a media release.
This cyber-insurance from Fairfirst, is designed to help not only large corporates but also the SME’s and even individuals. For corporates and SME’s, Fairfirst Insurance covers losses that would range from network security breaches, loss of privacy, indemnification from lawsuits related to data breaches and even business interruption losses following a cyber-attack. This insurance not only covers the insured but also third parties by offsetting costs involved with the recovery of cyber losses. For the individual, Fairfirst insurance covers losses including unauthorized entities compromising individual funds to perform fraudulent transactions or gaining of illegal access to personal devices to steal data.
The release quoted Priyantha Perera, General Manager Underwriting, Portfolio and Reinsurance as saying, “The use of digital technologies in financial and economic activities creates significant benefits in terms of convenience, productivity and efficiency but also leads to significant risks. In order to address these digital security risks, we provide a comprehensive suite of insurance solutions that offer a range of covers to individuals and corporate entities across this island.”
Among the top general insurance companies of Sri Lanka, Fairfirst serves individuals, businesses and institutions across Sri Lanka through a versatile workforce spread across a comprehensive branch network, affinity partners and leading brokers in the market. Fairfirst Insurance is part of the Canadian-based Fairfax Group.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
All Ceylon Makkal Congress MP Ali Sabri Raheem had been arrested by Kalpitiya police after he surrendered to the police today morning.
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
The 22nd amendment to the constitution dealing with the term of the President has been gazetted by order of President Ranil Wickremesinghe.
Auspicious times widely followed by candidates keeping with traditions will be taken into consideration by the Election Commission in fixing the date and time for the conduct on the Presidential polls.
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