Aon Global Risk Consulting has launched a new cyber captive programme to help clients identify, assess and quantify their cyber exposures.
According to Aon, the new programme will help clients make more informed decisions around risk retention in their captive, as well as providing risk transfer capacity of up to $400 million.
The cyber captive programme includes the Aon Cyber Resilience Review, which will help identify, assess and quantify cyber risk; comprehensive coverage, covering broad cyber exposure; consistent comprehensive coverage with significant capacity of potentially up to $400 million per policy; an underwriting process that facilitates an improved overall understanding of the risk and finally captive participation on a direct or reinsurance basis.
Peter Mullen, CEO of Aon Captive & Insurance Management, explained that the new programme provides clients with a comprehensive risk transfer option that they can access through a captive.
He said: “The solution will ultimately allow captive owners the opportunity to take a hard introspective look at their cyber risk profile, identifying important issues and threats for their organisation and placing comprehensive coverage through the Aon Cyber Enterprise Solution.”