Aon introduces P&C and IoT cyber coverage
Aon Risk Solutions, the risk management business of Aon, has introduced a property/casualty and Internet of Things (IoT) insurance policy that offers enterprise-wide coverage against cyber risk.
Aon Cyber Enterprise Solution offers a cyber solution for property, products liability, supply chain risk, technology platforms and information/physical assets, in addition to defences against privacy and security liability.
“Organisations are increasingly dependent upon technology and information assets to increase efficiency and revenue,” said Aon.
“As a result, the risk characteristics of the organisation continue to evolve to include new risks, such as system failures, third-party attacks, internal mistakes and malfeasance.”
The solution was developed by practitioners at Aon, including representatives from risk, technology, actuarial modelling, incident response and security.
John Bruno, chief information officer, said: “Technology-enabled business models are core to organisations in all industry segments.
“Aon is committed to delivering innovative solutions to help clients understand ever-changing risks like cyber in a coordinated manner so they can improve their defensive positioning and offensive response.”
Stephanie Snyder, cyber practice sales leader at Aon Risk Solutions, said: “The impact of cyber risk has fundamentally changed. Aon Cyber Enterprise Solution helps our clients think about cyber risk differently to address each organisation’s holistic cyber exposures under one policy.”
