Protecting businesses and data with resilience and risk transfer solutions
What is cyber insurance?
The increasing pace of digital transformation and the emergence of new technologies has made businesses vulnerable to exploitation by cybercriminals.
This is exacerbated by the move to the cloud and remote working. Any cyberattack could shut down critical processes and interrupt day-to-day business. Not only that, criminals could steal data and threaten to make it public or sell it.
From Cyber Insurance to Cyber Assurance, we offer a range of corporate cyber security solutions to help businesses guard against the risks.
Our customers can count on tailored solutions designed for SMEs, mid-market and large corporate businesses.
Why choose Zurich for cyber insurance?
Acting in partnership
We act as partners to our customers, helping them improve their risk posture and make sure they are in the best possible position to tackle insured and uninsured cyber risk.
Extensive expertise
We have over 13 years’ experience working with customers across over 30 territories. We look at every aspect of insurance, from underwriting and claims to risk engineering and accumulation, as well as the full risk ecosystem.
Range of solutions
We offer a range of tailored solutions, including combined assurance and insurance, as well as captive and international cyber programs.
Thought leadership
We are thought leaders in cyber risk, addressing non-quantifiable exposures, cyber resilience and terms and conditions to foster a sustainable cyber market across the globe.
Why choose Zurich for Cyber Resilience Services?
We place the cyber resilience of our customers at the heart of what we do and are dedicated to making technology simple, innovative and secure.
Expertise
We offer our customers a team of cyber security professionals, including a former Chief Information Security Officer, a Data Protection Officer and a Head of Business Resilience.
Data Insight
We benchmark the cyber maturity of our customers thanks to our data insights from several industries and continuous knowledge of real cyber-attacks (claims).
End-to-end service
Our customers can combine Zurich Resilience Solutions Cyber Services with Cyber Risk Insurance to benefit from end to end cover.
Excellent track record
We have been covering what matters for our customers for 150 years and now span 215 countries and territories.
We offer both on-site and remote training for end users, covering a full range of threats including phishing and more.
Audit and Compliance
We carry out an in-depth qualitative risk assessment and quantitative exposure calculation (with financial impact), addressing critical assets, data, business practices and the threat environment. We will also evaluate a customer’s cyber defences, delivering a report and a strategic roadmap to help their business to prioritize the actions and the budget and become truly cyber resilient. Finally, we support our customers to manage and monitor the cyber risks and uphold data protection across any third parties.
Penetration Testing (Ethical Hacking)
We carry out technical services, both externally and internally, to test the resilience of a global IT Infrastructure or a cloud, mobile or web application.
Cyber Toolbox
We provide next-generation antiviruses and EDR to help our customers block unknown malicious attacks
Crisis and Incident Management (including crisis simulation and business continuity planning)
We carry out a comprehensive assessment of a customer’s existing post-incident Response Plan, reviewing their policies, testing, communication and regulatory and reporting requirements. This includes a thorough, scenario-based tabletop exercise involving key executives.
Cyber Quantification
We support you in quantifying cyber exposure to prioritize controls and justify your cyber defence investment plans. Using both our expertise and historical risk data together with powerful threat simulation engine, we define the risk exposure of relevant cyber threat scenarios your business is facing. Thanks to the risk quantification simulation engine, you directly monitor the impact of the implementation of those specific controls.
Additional services available on demand to particular geographies
Virtual CISO
Privileged Access Management
Security Monitoring
Contact us
To find out more about our services and how we can support you and your business, contact our Cyber Resilience Experts.
Our Cyber Risk Engineering team delivers the 360-degree view of cyber risk management that a business needs in a world of constantly emerging threats.
Complete support
We combine the knowledge and expertise of our own in-house Cyber Risk Management specialists with trusted, external vendors who are leaders in their respective fields.
Global standards
We follow the best practices set by the National Institute of Standards and Technology’s (NIST) Cybersecurity Standards, ISO 27001 as well as country and industry best practices. Our customers will know their level of readiness against cyber security standards.
Three-tiered approach
We know that effective cybersecurity depends on three equally important pillars:
Technology: with constant innovation to stay ahead of cybercriminals
People: with experts who understand the ever-changing threats
Process: with proven risk management practices and up-to-the-minute innovation
Leveraging Captives and other risk financing options for Cyber Risk:
Take your strategic Cyber risk management to the next level, optimize your cost of risk and gain more transparency and control of this rapidly evolving risk.
Given the significant threat that cyber risk presents to most businesses, and the limits to insurance capacity and coverage in the traditional insurance market, more and more companies turn to a Captive (or a “rented” Captive Cell solution) to take advantage of funding cyber risk via these powerful risk management instruments. You can deploy captive capacity where it is needed to cover gaps or simply more efficient to do so. Zurich’s international fronting solutions offer flexible reinsurance structures that seamlessly integrate into your international Cyber insurance program from Zurich.
At Zurich, we work with your business to help you maximize benefits from a customized and efficient cyber risk financing solution:
A dedicated Zurich Captive Services expert works with you to develop and implement a Cyber fronting solution that fits your needs
Flexibly use Captive capacity for cyber risk where and when you need it
Build reserves and capacity to fund possible losses from Cyber events
Gain access to broader reinsurance markets, potential arbitrage opportunities and alternative risk solutions
Derive tangible risk capital efficiencies by adding Cyber risk to a diversified Captive risk portfolio
Benefit from a central view of accurate Cyber claims and incident data to support risk assessments, analysis and targeted Cyber risk mitigation
Gain access to alternative Captive funding of risk mitigation activities and tools
Policy language and conditions may vary and are subject to applicable regulatory and legal requirements
Policy conditions apply and this is not a part of your or any issued insurance contract
