Reinsurance News

Willis Towers Watson announces three new cyber policies

31st October 2019 - Author: Luke Gallin

Global insurance and reinsurance broker, Willis Towers Watson (WTW) has launched a range of new cyber insurance policies for clients in the U.S., Canada, the UK, and Western Europe.

WTW states that the three new policies offer innovative, bespoke solutions for large enterprises and mid-market clients, enabling them to fully assess, protect, and recover losses related to cyber risks.

The international re/insurance broker explains that the new policies include broad cyber triggers for data breach protection, regulatory claims and business interruptions, as well as vital protection for cyber-attacks against the supply chain.

Furthermore, the policies also provide coverage clarity and affirmative cyber coverages to limit the exposure to silent cyber, or non-affirmative cyber exposures.

Peter Foster, Chairman, Global FINEX Cyber and Cyber Risk Solutions, WTW, said: “As cyber risks continue to evolve for businesses across varied sizes and industry sectors, a risk transfer solution that provides clarity on coverage is paramount.

“Many existing products on the market can be confusing and difficult to navigate. Our global cyber expertise and deep cyber analytics have enabled us to launch three new insurance products in three different regions, which provide a risk transfer solution that ensures clients have a greater understanding of the coverage purchased — through product clarity, flexibility, relevance and tailored solutions to fit their needs.”

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