Capsicum Re and Swiss Re launch cyber reinsurance solution

Capsicum Re and Swiss Re have today launched their new cyber reinsurance solution, Decrypt. The new product provides a single, flexible, end-to-end solution to insurers’ cyber exposure challenges, including embedded, silent and affirmative cyber risks.

Decrypt, which will be brought to the market at this month’s Monte Carlo Rendez-Vous, takes a modular approach comprised of risk identification, quantification and transfer and offers a lead line provided by Swiss Re of up to US$50m per client.

Head of cyber and digital solutions at Swiss Re, Maya Bundt said Decrypt is the first holistic cyber solution designed to help insurers identify and manage their cyber risk exposures.

“Ultimately Decrypt delivers substantive immediate value to clients, while bringing Swiss Re and panel reinsurers greater clarity and insight so that they may offer bespoke risk transfer solutions that really meet clients’ specific needs,” she explained.

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