As the world digitises, the frequency, severity, and sophistication of cyber incidents are increasing along with the dependency on technology.
Cyber criminals have already demonstrated their ability to disrupt supply chains for businesses around the world and cripple critical infrastructure. Meanwhile, the steadily increasing adoption of cyber insurance means that more companies have protection, but also that cyber risk aggregation is expanding for the insurance industry.
Widespread Events: A Sustainable Approach to Insuring Systemic Cyber Risks
To help ensure market stability and provide coverage clarity for our policyholders, Chubb uses two categories to gauge the impact of a cyber event: Limited Impact Events and Widespread Events. But what does this mean for cyber policyholders? Watch the video to find out!
Many Losses Can Be Prevented by Timely Software Patching
All software applications can include bugs, which cyber criminals can exploit to gain access to an organization’s network. Many losses can be prevented by patching vulnerable software before cyber criminals have an opportunity to exploit it. Watch this video to see how three companies react when alerted of a critical software vulnerability – and the consequences when one fails to apply the available patch and is hacked.
Insurance you can trust
- We’re specialists in risk
We bring a wealth of experience together, because the biggest challenges need to be met by broad and deep expertise. - Coverage that enables growth
At the heart of our proposition is tailored coverage designed to grow with your needs and ambitions. All backed by specialist underwriting experts. - Proactive risk prevention
Our risk engineering capabilities can be deployed for larger, complex risks to help identify and mitigate risks before they impact your projects. - First-class claims management
Our expert claims handlers support clients through each stage of their claim. We’re quick to respond and act decisively. - Local insights
Local presence in 54 countries and territories, providing insights into leading edge of new technology developments.
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