Zurich announces new partnership to boost cyber offering

Zurich announces new partnership to boost cyber offering | Insurance Business

Zurich announces new partnership to boost cyber offering

Zurich Insurance Group and cybersecurity company CYE have partnered on an offering to protect businesses against cyber crime.

Zurich Cyber Security Services addresses cyber risks by helping businesses define and implement effective cyber risk management programs, the company said. The offering combines Zurich’s specialty cyber insurance and risk engineering with CYE’s artificial intelligence-based technology, services and expertise.

“Cyber is a very challenging risk for businesses, as it is constantly evolving and highly complex,” said Sierra Signorelli, chief underwriting officer for commercial insurance at Zurich. “Our collaboration with CYE, a global leader in cybersecurity services, will give customers a state-of-the-art cyber solution that combines the benefits of insurance with a boost to their cyber defenses.”

“We are delighted to work with Zurich Insurance Group,” said Reuven Aronashvil, CEO of CYE. “With effective cyber risk management powered by tailored adaptive continuous risk assessment and cyber insurance, business executives can drive faster and smarter digital business growth.”

Zurich Cyber Security Services is available to companies globally. Firms that purchase a stand-alone cyber policy from Zurich will also benefit from the insurer’s partnership with CYE, as the policy now includes a comprehensive report to assess a company’s risk of cyber threats.