16 September 2016 Insurance

Chubb updates cyber risk offering

Chubb has expanded its cyber risk engineering capabilities in the UK and Ireland, as it continues to invest its enterprise risk management proposition for the region.

Spearheaded by Nick Bellamy, senior technology specialist, the cyber risk engineering team will provide all cyber policyholders across all industry segments with risk engineering and loss mitigation services.

The team will engage with customers to better understand cyber risk exposures and to improve their risk management profile.

Cyber training sessions previously offered exclusively to clients in the info tech sector will now be offered for customers and distribution partners.

Policyholders will further have access to Chubb’s incident response platform to report cyber incidents, which is supported by Crawford & Company, a claims and crisis management firm.

“When it comes to cyber risk, each client has different exposures and different security needs,” said Bellamy.

“Our highly skilled risk engineering team will work with our clients to better understand their individual business activities and risks in order to support their existing risk management in mitigating the specific cyber threats they face and help them to develop a culture of vigilance and preparedness.

“Our specialists, working in partnership with our clients, can help to significantly enhance their cyber resilience to reduce the likelihood of, and expedite recovery from, a successful cyber-attack.”

Grant Cairns, head of financial lines for the UK and Ireland, said: “The expansion of our in-house risk engineering capabilities is yet another example of Chubb’s commitment to becoming a best in class provider in the UK and Ireland cyber risk market.

“With a comprehensive proposition that includes both pre- loss risk engineering and post-loss response, we help our clients prevent cyber incidents before they happen and enable them to respond quickly and effectively when an incident does occur.”

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