Swiss Re’s insurance unit Swiss Re Corporate Solutions has launched a primary cyber risk protection product specifically for the UK market.
The new product, called CyberSolutions UK, combines insurance with risk mitigation and remediation services and is aimed at mid-sized and large companies.
Swiss Re Corporate Solutions UK, Ireland, Middle East and North Africa head Marc Davis said: “As British companies become more aware of cyber threats, they want more advanced insurance offerings.
“Through our collaboration with recognised experts, CyberSolutions UK provides market-leading, integrated cyber protection.”
The product’s preventive services, provided by IBM, include cyber security training and optional annual IT security testing.
CyberSolutions UK also offers access to a dedicated data-breach response network available 24 hours a day, seven days a week.
The network’s team comprises Swiss Re Corporate Solutions’ legal, forensics and communications partners. In the event of a cyber attack, the network interacts “seamlessly” with Swiss Re Corporate Solutions’ claims team.
In addition to the CyberSolutions UK primary solution, Swiss Re Corporate Solutions will continue to offer excess coverage.