Reinsurance News

Zurich launches new cyber security offering

26th February 2020 - Author: Charlie Wood

Global insurer Zurich has partnered with cybersecurity firm CYE on a new offering aimed at helping businesses define and deploy effective cyber risk management programs.

Zurich LogoAvailable to companies globally, Zurich Cyber Security Services is designed to close unknown security blind spots, reduce the risk and impact of security incidents, and protect critical business assets.

It combines Zurich’s specialist cyber insurance and risk engineering capabilities with CYE’s artificial intelligence-based technology, services and cyber expertise.

“Cyber is a very challenging risk for businesses as it is constantly evolving and highly complex,” said Sierra Signorelli, Chief Underwriting Officer, Commercial Insurance at Zurich.

“Our collaboration with CYE, a global leader in cybersecurity services, will give customers a state-of-the-art cyber-solution that combines the benefits of insurance with a boost to their cyber-defenses.”

Reuven Aronashvili: Chief Executive Officer of CYE, added, “We are delighted to work with Zurich Insurance Group.

“With effective cyber-risk management powered by tailored adaptive continuous risk assessment and cyber-insurance, business executives can drive faster and smarter digital business growth.”

Companies that purchase a standalone cyber policy from Zurich will also benefit from the collaboration with CYE.

The policy now includes a comprehensive, technology-driven report assessing their risk with regards to cyber threats.

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