Updates to Cyber Insurance on Marketplace
Chubb's cyber offering on the Marketplace platform has recently been updated to provide enhanced coverage options and more competitive pricing.
Qualifying companies (revenue of up to AUD $50 million) will now be able to access the full suite of Chubb Cyber Enterprise Risk Management policy benefits. This includes risk and vulnerability management services, comprehensive coverage and market-leading cyber incident response and claims servicing.
Key Updates Include:
1. Enhanced Coverage Options
We’ve expanded our coverage offerings to provide more tailored solutions that meet the diverse needs of our customers, including:
- Higher standard limits on crime and fraud extensions
- New technology fraud & cryptojacking coverage
- Increased limits on IT hardware replacement and reputational harm coverages
- Longer period of indemnity and shorter waiting periods
New options give policyholders greater flexibility and more comprehensive coverage, better safeguarding them against a wider array of risks.
2. Reduced Qualifying Requirements
Qualifying control questions are now more user friendly and in some instances companies can get a quote without confirming qualifying controls.
3. Attractive Pricing
We have introduced even more competitive pricing that makes quality insurance more accessible, with further discounts applied for qualifying companies.
4. New and Improved Cyber Services
Informed by our access to extensive cyber loss data and enabled by our Cyber Threat Intelligence team, policyholders have direct access to a range of services that can help identify, manage and mitigate cyber exposure before an incident happens. These services now include our Cyber Vulnerability Outreach Program. Click here for more info on Chubb's Cyber Services.
Updating our cyber offering on Marketplace reinforces our commitment to meeting our customers’ needs. You can transact Chubb's cyber product through Marketplace or speak to one of our relationship managers or dedicated cyber underwriters to find out more.
Chubb Cyber Vulnerability
Be informed and act swiftly against cyber vulnerabilities.