Swiss Re launches cyber offering in Germany

Swiss Re Corporate Solutions has introduced a cyber risk protection insurance product in Germany.

CyberSolutions Germany, a market-specific primary insurance product, provides coverage to mid-sized and large companies, to defend against cyber-attacks.

The product, available as primary or excess coverage, combines comprehensive insurance protection with risk mitigation and remediation services.

"With our large capacity, combined with IBM's security expertise, we will provide a compelling solution to German clients," states Reto Collenberg, director and regional head at Swiss Re Corporate Solutions.

"The insurance cover encompasses pre- and post-event services, which helps clients prepare for – and recover from – a cyber-attack."