Swiss Re Corporate Solutions has expanded its cyber offering with the launch of CyberSolutions Germany, a new, market-specific primary insurance product.

This advanced cyber risk protection solution provides tailored coverage for mid-sized and large companies, enabling them to defend themselves against increasingly sophisticated cyber attacks, the company said in a statement.
CyberSolutions Germany combines comprehensive insurance protection with risk mitigation and remediation services, the company explained, noting that 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,” stated Reto Collenberg, head of Central and Eastern Europe. “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.

CyberSolutions Germany is available as primary or excess coverage.

Source: Swiss Re Corporate Solutions