Aviva rolls out new cyber risk management tool

Aviva is rolling out Storm Guidance’s Cyber3 assessment tool to help eligible insureds strengthen their resilience to cyber attacks, and at the same time increase its understanding of the risk across its books.

Using the new tool, the insurer can review the cyber resilience arrangements of insured businesses and their cyber maturity scores, in one place via a secure online portal. Assessed clients will also receive a report designed to help them understand and prioritise practical improvements in cyber security.

Justin Linney, head of risk management, mid-market and digital, Aviva, commented: “The safety and security of private and sensitive data is high on all businesses agendas. Aviva provides support to customers to understand their cyber exposures and working with Storm, who are experts in cyber risk and analysis, we are able to deliver risk insights and cyber security solutions to help protect our customers and their businesses.”

Neil Hare-Brown, CEO at Storm Guidance, added: “We are excited to announce that we are working with Aviva and look forward to supporting their customers on the journey towards cyber resilience. We’re pleased to see the Cyber3 assessment being utilised by pioneering insurers in the regulation of risk, and the provision of solutions to defend their insureds against cyber attacks.

“The continuing rise in cyber incidents and the high cost of claims is driving insurance premiums, and firms need to address this with better risk management to contain their exposures.”

    Share Story:


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.