Swiss Re CS launches cyber product in Germany

Swiss Re Corporate Solutions has launched CyberSolutions Germany, a primary insurance product. that provides tailored coverage to mid-sized and large companies, enabling them to defend themselves against increasingly sophisticated cyber attacks.

The cyber risk protection solution combines comprehensive insurance protection with risk mitigation and remediation services. The product helps companies become more resilient by managing their exposure to cyber risks.

“With our large capacity, combined with IBM’s security expertise, we will provide a compelling solution to German clients,” said Reto Collenberg, who heads up Swiss Re Corporate Solutions’ Central and Eastern European practice. “The insurance cover encompasses pre- and post-event services, which helps clients prepare for – and recover from – a cyber attack.”

The new product’s preventative services, provided by IBM, include cyber security training and optional annual IT security testing. CyberSolutions Germany provides clients access to a dedicated data-breach response network available 24 hours a day, 7 days a week. The team comprises Swiss Re Corporate Solutions’ legal, forensics and communications partners. In the event of a cyber attack, the network interacts seamlessly with Swiss Re Corporate Solutions’ claims team.