QBE North America has launched an enhanced cyber solution to help protect customers from the growing risk of cyber threats.
The Solution for Cyber Risk offers a holistic risk management solution for businesses that combines insurance with cyberattack prevention services as well as post-breach response assistance.
The solution’s new admitted form has coverage for cyber liability; media liability for digital and electronic publication; data breach notification costs; asset rectification costs; regulatory defence and penalty costs; public relations fees; forensics; business interruption; and extortion and credit monitoring.
It considers risks up to $10 million across a number of business classes including financial services, healthcare, life sciences, information technology, telecommunications and manufacturing.
Steven Anderson, vice president, vice president/product leader of cyber, QBE North America, said: "This solution was truly developed with the business customer in mind. It's a paradigm shift from simply providing insurance to offering an integrated, holistic risk solution that helps improve the sustainability of our customers—making them more resilient to evolving cyber risks.”
