Aon debuts enterprise-wide cyber risk policy

New product to provide businesses comprehensive coverage from a wide range of cyber risks and liabilities

Insurance News

By Gabriel Olano

Aon Risk Solutions has introduced a new product, the Aon Cyber Enterprise Solution, a property & casualty and Internet of Things policy that offers enterprises comprehensive coverage from cyber risks.
“The impact of cyber risk has fundamentally changed,” said Stephanie Snyder, cyber practice sales leader at Aon Risk Solutions. “Aon Cyber Enterprise Solution helps our clients think about cyber risk differently to address each organization’s holistic cyber exposures under one policy.”
The new policy is available globally, offering a consolidated suite of cyber coverage for property, products liability, supply chain risk, technology platforms, and information/physical assets. It also provides defense against privacy and security liabilities.
It was developed through collaboration among the insurers’ experts in various fields, including risk, technology, actuarial modeling, incident response and security.
“Technology-enabled business models are core to organizations in all industry segments,” added John Bruno, Aon’s chief information officer and executive vice president of enterprise innovation. “Aon is committed to delivering innovative solutions to help clients understand ever-changing risks like cyber in a coordinated manner so they can improve their defensive positioning and offensive response.”

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