DataStream cyber insurance expands into Canada

Cyber insurance - Canada

The California-based broker has announced that it is undergoing an international expansion northward.

DataStream Cyber Insurance, a California based broker, has announced that it is now expanding its business out of the United States and into Canada.

The broker provides comprehensive digital coverage specifically for small and medium businesses.

The cyber insurance broker company provides coverage to small and medium businesses (SMBs). It also offers those SMBs full assessments, data analyses of risk outlined in financial terms, and client training. The broker represents more than 30 carriers.

For the company’s launch in Canada, it has already started signing up managed service providers (MSPs), consultants and value-added resellers. Recently, DataStream signed six partners from those categories, all of which are Ontario-based, according to a recent report in Insurance Business Magazine.

The partners that have already signed include Blue Triangle IT Solutions (based in Toronto), EmpowerIT (based in Waterloo), JC Kelly (based on Cobourg), allCare It (based in Kingston), ITEK Solutions (based in Richmond Hill), and InfoMedia Systems Group (based in Ottawa, Toronto, and Cornwall, Ontario, in addition to St. John’s, Newfoundland).

Cyber insurance - Partners in Canada

This is a major expansion for the cyber insurance broker, as it is stepping into a whole new market.

“Modern businesses need to fully understand their cyber risks and vulnerabilities,” said Andy Anderson, CEO at DataStream. “Our comprehensive suite of tools — including our Cyber Insurance Readiness Assessment and Partner Risk Reports— will help Canadian MSPs and SMBs assess and remediate their risks in a new and profound way.”

The services DataStream provides will be made available in all Canadian provinces and territories, with the exception of Quebec. That said, the cyber insurance brokerage has stated that it intends to move into that province soon as well.

“DataStream helps MSPs navigate hard customer conversations surrounding cybersecurity,” said Joe Randall, the company’s director of sales and revenue operations in a statement made upon the announcement of the DataStream of its northern expansion into the Canadian market. “The tools we make available to our partners give them the insight they need to best position SMBs for appropriate coverage while simultaneously creating new business opportunities.”

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