Swiss Re launches cyber risk protection for French companies

Insurance chief urges companies to embrace diversity

Swiss Re Corporate Solutions has expanded its cyber risk offerings with the launch of a new country-specific insurance product, CyberSolutions France.

The company, part of reinsurance giant Swiss Re, said the “advanced cyber risk protection solution” would enable French businesses to defend themselves against increasingly sophisticated cyberattacks.

The product is promoted as combining comprehensive insurance with risk mitigation and remediation services, helping companies manage cyber risks and become more resilient.

“We offer significant capacity to ensure that our clients are covered in case of a loss,” said Francois Brisson, Swiss Re Corporate Solutions’ head of cyber and technology. “Yet our offering is more than just large capacity. It also includes pre- and post-event services that assess their vulnerability to a data breach and help them prepare for and recover from a cyberattack.”

The product’s preventative services are provided by IBM and include French-language cyber security training and optional annual IT security testing. Cover also includes recovery services. Clients will have access to a dedicated data breach response team comprised of legal-, forensics- and communications partners. The expert network is available around the clock and in the event of a cyberattack, works with the insurer’s claims team.

CyberSolutions France provides tailored coverage to mid-sized and large companies and the product is available as either primary or excess coverage.

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