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As the world digitises, 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.
PRODUCTS & SERVICES
Widespread Events: A Sustainable Approach to Insuring Systemic Cyber Risks
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 the video to find out!
Many Losses Can Be Prevented by Timely Software Patching
All software applications can include bugs, which cyber criminals can exploit to gain access to an organization’s network. Many losses can be prevented by patching vulnerable software before cyber criminals have an opportunity to exploit it. Watch this video to see how three companies react when alerted of a critical software vulnerability – and the consequences when one fails to apply the available patch and is hacked.
We’re experts in cyber insurance – and we care about your company
Whether your business is big or small, takes you around the world or just around town, Chubb is there for you. Our breadth of experience in employers’ liability insurance means we can provide the guidance and service you need, whenever you need it, wherever you may be.
Partnership that’s personal
We work to understand your business and where you’re heading so we can be proactive about meeting your needs. We invest in getting to know you, your team and your customers. The goal: to help you see ahead, be ahead and stay ahead.
Creative problem-solving
Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always helping clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to solving your challenges.
Unmatched expertise and financial strength
We’ve served clients and partnered with leading organisations for more than 200 years. Our longevity, expertise and financial strength are the bedrock of our business.
FAQ document for insurance brokers about Chubb's approach to insuring widespread cyber events. This approach will leverage concepts familiar to most brokers and clients who are experienced with property catastrophe insurance.
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.
