Swiss Re launches cyber insurance product for German market
Written by staff reporter
Swiss Re Corporate Solutions has expanded its cyber offering with the launch of CyberSolutions Germany, a new, market-specific primary insurance product. The new solution provides tailored coverage to mid-sized and large companies, combining insurance protection with risk mitigation and remediation services.
"With our large capacity, combined with IBM's security expertise, we will provide a compelling solution to German clients," states Reto Collenberg, Swiss Re Corporate Solutions' head of Central and Eastern Europe. "The insurance cover encompasses pre- and post-event services, which helps clients prepare for – and recover from – a cyber attack."
The new product's preventative services, provided by IBM, include cyber security training and optional annual IT security testing. CyberSolutions Germany provides clients access to a dedicated data breach response network available 24 hours a day, seven days a week. The team comprises Swiss Re Corporate Solutions' legal, forensics and communications partners.