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As the world digitizes, the frequency, severity, and sophistication of cyber incidents are increasing along with the dependency on technology.

 

Cyber criminals have already demonstrated their ability to disrupt supply chains for businesses around the world and cripple critical infrastructure. Meanwhile, the steadily increasing adoption of cyber insurance means that more companies have protection, but also that cyber risk aggregation is expanding for the insurance industry.

Explaining Widespread Events in Cyber

To help ensure market stability and provide coverage clarity for our policyholders, Chubb uses two categories to gauge the impact of a cyber event: Limited Impact Events and Widespread Events. But what does this mean for cyber policyholders? Watch Widespread Events: A Sustainable Approach to Insuring Systemic Cyber Risks to find out!

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Castastrophic Cyber Risks - A Growing Concern

Cyber incidents can cause losses that are not limited by time or geography.

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A New Approach to Address Growing Cyber Risks

Chubb has introduced a flexible and sustainable approach to address growing cyber risks. Learn more about Chubb’s new endorsements for Widespread Events, Neglected Software Vulnerabilities, and Ransomware Encounters.

 

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Cyber Services: Bridging the Gap Between Insurance and Expertise

Chubb’s recently expanded offerings include solutions to help policyholders identify and address cyber risks before an incident occurs, manage software and network vulnerabilities, stop malicious activity from entering and spreading through a network, and educate their workforce to serve as a first line of defense. 

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Cyber COPE®: Transforming Cyber Underwriting

Based on COPE, a time-tested underwriting model that has been used by property underwriters to analyze risk for nearly 300 years. Cyber COPE® is a new model for cyber underwriting. Learn about the model, intended to simplify and improve the assessment of both cyber and privacy risks.  

Download the Paper
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Chubb Helps Policyholders Tailor Cyber Insurance Coverage

Learn about Chubb’s new Widespread Event endorsement — watch a recording of the 11/16/21 webinar, "Widespread Cyber Events Coverage Explained: A Flexible and Sustainable Approach to Address a Growing Risk.”

Watch the webinar

Interested in learning more?

Contact your Chubb Cyber Underwriter to learn more

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