NOVA
- Overview
- Integrated emerging-risk programme
- What it protects
- The company as a technology business: one programme across liability, cyber, technology and physical exposure.
- Written against
- Written to the recognised security baselines the sector already audits against
Cover modules
- Single risk perimeter
One perimeter drawn around the technology exposure, rather than several drawn around insurance products.
- Cross-class structuring
Liability, cyber, technology and physical exposures structured together with deliberate seams.
- Continuous underwriting
The programme responds to observed change in the risk rather than waiting for renewal.
- Unified response
One incident route across all classes, coordinated from the first notification.
- Portfolio view
Aggregation and correlation managed at group level for organisations operating several technologies at once.
Perils covered
- Liability arising from the technology the business operates and sells
- Cyber exposure across the estate the business actually runs
- Technology and professional failure, including the decisions software makes
- Physical exposure that a technology failure produces
- The seams between those four, which is where a split programme fails
Never covered
- Coins and client assets held in custody, that is a specie programme, not this one
- Market and trading outcomes of any kind
- Activity outside the described operating model
- Loss known before inception
- War, terrorism, nuclear energy, pandemic and sovereign acts
Conditions of inception
These are conditions of inception, not matters of claim. Where the evidence is not in place, cover does not attach.
Written against
- Written to the recognised security baselines the sector already audits against
- Aligned with the regulatory perimeter the business operates inside
- Defined aggregates by account and by portfolio
Minimum technical standard
A stated security baseline the business already meets, evidenced rather than asserted.
One operating model
A single description of what the business does, which all four sections are written against.
Technical attestation
An independent technical risk assessment, at inception and on material change.
Selective from day one
Risks are written on their merits; the programme is not an aggregation of whatever applies.
Built for
- AI and robotics companies
- Autonomous systems operators
- Multi-technology groups
- Investors with concentrated technology exposure
Capacity, limits, wordings and commercial terms are not published. They are structured per counterparty and shared directly under engagement.