CloudInsure, a cloud insurance platform designed to specifically address emerging liabilities within the cloud environment, has partnered with Guy Carpenter & Co. LLC, a reinsurance intermediary.

CloudInsure says that, through this agreement, CloudInsure will be positioned to establish relationships with primary insurers to offer privacy and security liability coverage to meet the growing needs of the cloud computing space for enterprise customers, bringing insurance solutions that move at the pace of cloud technologies.

"The insurance industry needs the cloud industry, and cloud industry needs the insurance industry – they just don't know it yet," says CloudInsure CEO Mike Paisan. "We see that for cloud companies and tech, in general, innovation and adoption are happening at a faster rate than a single insurance company can manage on its own. We anticipate great support and partnerships from the primary insurance, with opportunities in these markets on the scale of cloud.”

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