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.

    Share Story:

YOU MIGHT ALSO LIKE


Cyber risk in the transportation industry
The connected nature of the transport and logistics industries makes them an attractive target for hackers, with potentially disruptive and costly consequences. Between June 2020 and June 2021, the transportation industry saw an 186% increase in weekly ransomware attacks. At the same time, regulations and cyber security standards are lacking – creating weak postures across the board. This podcast explores the key risks. Published April 2022.

Political risk: A fresh perspective
CIR’s editor, Deborah Ritchie speaks with head of PCS at Verisk, Tom Johansmeyer about the confluence of political, nat cat and pandemic risks in a world that is becoming an increasingly risky place in which to do business. Published February 2022.