Captive Insurance industry company service providers directory | AXA XL rolls out construction cyber solution across Europe and APAC

Image: AXA

31 October 2025
Europe
Reporter John Savage

AXA XL rolls out construction cyber solution across Europe and APAC

AXA XL launches a new cyber solution designed to provide enhanced protection for construction firms across Europe, Asia, and Australia. The offering is available as an endorsement to the insurer’s existing cyber insurance coverage. The specialist endorsement, which was initially introduced in the US last year, directly addresses unique and emerging risks specific to the increasingly digitised construction sector. The coverage includes several key extensions:

Missed Bid: Provides reimbursement for income loss due to the inability to submit a bid following a cyber security breach or system failure.
Expanded definition of network: This includes Building Information Modelling (BIM) and other construction-related software, covering claims or first-party costs resulting from a breach or system failure on such software operated by the insured firm.
Downstream Contractual Penalty Coverage: Covers loss from contractual penalties due to construction and/or production delays caused by a cyber security breach or system failure.
Drone coverage: Addresses privacy violations that result from the use of drones.

Carlos Rodriguez Sanz, Regional Product Leader, Cyber for APAC & Europe, says the launch reflects the industry's changing risk profile. “Each industry faces distinct challenges regarding cybersecurity, and the construction sector is no different,” he notes. “It is increasingly dependent on diverse digital tools and data—like 3D models, project management platforms, artificial intelligence and Internet of Things devices—, which makes construction firms more vulnerable to cyber threats”. Rodriguez Sanz adds that the product was developed in conjunction with the company's Construction underwriters "to tackle the specific cyber risks faced by our construction clients”. AXA XL’s cyber insurance team provides risk management services and comprehensive insurance to help clients understand and minimise their cyber risks. The insurer focuses on proactive risk assessment and responsive claims handling to support clients in navigating the complexities of the evolving cyber risk landscape.

Error querying database