Page 40 - Insurance Times September 2019

Coverage Offered for Insured Media wrongful act.
Y Pure Financial loss sustained by Insured by being an Y Prosecution costs against a Third party for media
innocent victim of an act of Phishing by a third party. wrongful act.
Y Prosecution costs against a Third party for phishing Y Costs of transportation to court and photocopying of
attack. documents.
Email Spoofing Cyber Extortion
A forgery or a wrongful manipulation of an E-mail header A threat to cause a Privacy Breach, Data Breach or Cyber
so that the message appears to have originated from the Attack.
actual source.
Coverage Offered
Coverage Offered Y Cyber extortion loss that the insured incurs due to a
Y Pure Financial loss sustained by Insured by being an result of Cyber Extortion Threat.
innocent victim of an act of email spoofing by a third Y Prosecution costs against a Third party for Cyber Ex-
party. tortion.
Y Prosecution costs against a Third party for email spoof- Privacy & Data Breach by Third Party
ing.
Any unauthorized disclosure of your personal data by a
Media Liability Claims third party or any unauthorized access or use of your per-
Any liability arising out of unintended publication or broad- sonal data stored in Third Party's computer system.
casting of any digital content resulting out of a Cyber Attack Coverage Offered
on your Computer System including your digital devices.
Y Legal fees incurred by Insured for claiming damages
Coverage Offered against a Third party for Privacy Breach and or Data
Y Defense costs for arising out of a claim by a third party Breach. T

Max Life Insurance digitizes recruitment of agent-

advisors with the launch of mobile app M-Rec

Strengthening its ongoing digital journey, Max Life Insurance Co. Ltd (“Max Life”/ “Company”, one of the country’s
fastest growing life insurance companies, announced the launch of M-Rec, a mobile based app to simplify agent
recruitment and facilitate faster agent prospecting and onboarding.

Designed to empower agency leaders and leverage digital ecosystem, the app will eliminate all physical documentation,
wherever applicable and reduce manual efforts involved in the process of agent recruitment. Further simplifying the
lives of prospective agents, M-Rec will replace tedious scanning and submission of documents with easy click-n-upload
documents. Agent application forms will now be filled online, allowing agency leaders, access to applications at all
times on their fingertips via mobile, desktop and tablets.

Enhancing the agent prospecting experience, M-Rec, through a host of unique features such as digital end to end
funnel management and on-the-go management of forms and documents, will help agency leaders have real-time
view of the funnel and case movement. It will provide leaders digital intervention through quicker agent coding and
URN (Unique Request Number) generation for agent prospecting. Agent onboarding will further be aided with the
help of discrepancy management and superior digital training and examination.

Commenting on the launch V. Viswanand, Deputy Managing Director, Max Life said, “As a life insurance company
committed to improving efficiencies, we wanted to transform our agent advisors’ recruitment process to create a
digitally enabled agency. Our latest app M-Rec will help address this need by digitizing key operations such as agent
prospecting and on boarding overturning a traditionally manual and document led ecosystem. Through the means of
the app, we will empower our agents and agency leaders with advanced digital tools at their disposal for increased
efficiency and productivity.”

40 The Insurance Times, September 2019