Offer cyber attack insurance, this is what Chubb offers you
ILLUSTRATION. Chubb logo
Reporter: Umi Kulsum | Editor: Sanny Cicilia
KONTAN.CO.ID – JAKARTA. PT Chubb General Insurance Indonesia (Chubb) launched a new product in the form of solutions to threats cyber. These cyber attacks indiscriminately hurt businesses, from small and medium-sized businesses to multinational companies.
This solution is titled Cyber Enterprise Risk Management. Cyber ERM is structured to provide risk management and loss control solutions end-to-end for customers. Even before the policy comes into effect, by helping customers understand the causes of cyber incidents and their prevention techniques.
In addition, this product also provides a thorough and timely response in the event of a cyber breach through the Cyber Incident Response Platform. These solutions are essential for controlling threats, limiting potential damage and managing the customer’s reputation.
“Chubb’s network of professionals from around the world as well as Chubb’s underwriters in Indonesia will work closely with our customers to produce tailor-made solutions to meet their specific needs,” said Tai-Kuan Ly, President Director of Chubb in a press release, Wednesday (5/9).
This product offers several benefits including:
1. 24 hour / 7 day emergency response team dedicated to assisting customers who are facing a crisis due to the insured cyber incident.
2. Simple policy structure and language. Integrates the main components of first party protection benefits and benefits
third party liability protection under one insurance policy, including: loss due to business interruption, data recovery, extortion
cyber, accountability due to incidents related to the confidentiality and security of personal data, as well as costs incurred to overcome the crisis.
3. Access to a network of professionals from around the world who are experts in the field of cyber risk, supported by the expertise of underwriters in Indonesia, so as to create more effective protection designs.
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