Steptoe is based in Switzerland and will lead the development and enhancement of BOXX's products and services globally to support its aggressive growth objectives. In this role, he will be responsible for setting the company's product strategy, overseeing product development, user experience, product partnerships and innovation.
"The rapid pace and acceleration of digitisation is creating new levels of digital insecurity of epic proportions", commented Steptoe. "This is creating an urgent need to provide enhanced security and protection. Nowhere is this felt more keenly than by small businesses and consumers who have historically been ill-served by insurers. The opportunity to help democratise access to cyber insurance and security through BOXX's product platform is incredibly exciting."
An experienced leader
Steptoe has held a number of senior marketing and product leadership roles in different geographies around the world. Most recently, as Head of Consumer Business and Chief Marketing Officer at Swisscard - a joint venture of Credit Suisse and American Express based in Switzerland - he led the growth of the consumer business and the development of market leading products and services as well as co-brand relationships.
Previously at American Express, Steptoe led regional and global product and marketing teams in London, New York, Hong Kong and Singapore, developing AMEX's consumer and small business product strategy for its network partners around the world.
The appointment follows the recent announcement by BOXX of its global partnership with Zurich Insurance, which Steptoe will manage along with other customer relationships in Europe.
BOXX was founded on the premise that technology and deeper behavioural based analytics will redefine the manner in which insurance products are assessed, priced and distributed.
BOXX’s global flagship Cyber risk management platform, Cyberboxx, is the first integrated security and cyber insurance solution that helps SMEs and families predict, prevent and recover from a cyber breach.
Coverages with Cyberboxx’s home edition include costs to repair, replace, or restore personal electronic data as a result of a cyber attack. It also covers loss of money wrongly transmitted or paid to a third party from an online scam (also known as social engineering), among others.
With its business edition, Cyberboxx offers several coverages, including the cost to manage reputation, costs associated with claims against the client for breach of any privacy law with respect to protection of third-party data, costs to repair, replace, or restore websites or electronic data and money wrongly transmitted or paid to a third party from a deception scheme, among others.
BOXX is a fully licensed Managing General Agent and Lloyd’s of London coverholder which means that they underwrite, price, and sell policies, as well as manage renewals and partnerships.