Offer your clients cyber security coverage.

As an insurer or a business insurance broker, transform your business into a cyber-risk insurance coverage pioneer. Join our network and obtain the risk assessment tool which factors in your clients’ security practices, the potential threats to which they are exposed and the value of their data.

Information technology significantly and directly impacts the profitability and viability of businesses. Safeguarding against potential losses resulting from security incidents or hacks is natural. Why not offer your clients cyber-risk coverage?

Though little known in Quebec, cyber insurance is a rapidly expanding market. According to a PwC report, entitled Insurance 2020 & beyond: Reaping the dividends of cyber resilience, the world-wide cyber insurance market will attain $5 billion in annual premiums by 2018 and $7.5 billion in 2020.

Cyber-Risk Assessment: the key to successfully establishing insurance premiums.

évaluation cyberrisque

Diminish the number of claims by implementing a prevention program.

prevention

Our breach action plan accelerates return to business-as-usual and reduces the dollar amount of claims.

Intervention après sinistre

Annual Premiums (Billions of $)

The world-wide cyber insurance market is rapidly expanding. The needs of businesses have become increasingly dire and the market could attain $20 billion by 2025, according to a 2015 report published by Allianz Global Corporate & Specialty (AGCS).

 

This report also stipulates that cyber risk is the threat for which businesses are the least prepared. Therefore, businesses need to immediately implement a cyber security prevention program

Here are the risks for which businesses are the least prepared:

Cyber Risks: 29%
Supply Chain Disruption: 18%
Natural Disasters: 16%
Political and Social Upheaval: 7%
Terrorism: 6%

(Source: Allianz Global Corporate & Specialty, 2015)