Swiss Re Corporate Solutions has a new cyber offering especially designed for small and medium-sized enterprises (SMEs).

Developed exclusively with French cybersecurity specialist OZON, CyberSolution 360° merges insurance with cyberattack protection services to help organisations with a workforce of 10 to 250 in managing digital perils.

First available in France starting February 06, the risk management solution will be introduced to other European markets within the year. It covers cyber incident management, first-party losses, and third-party claims.

“By combining cyber insurance with protection services, we’re able to help European SMEs better manage their cyber risk,” commented François Brisson, head of cyber technology EMEA, Asia-Pacific, and Latin America at Swiss Re Corporate Solutions.

“CyberSolution 360° reduces both the likelihood and the impact of a cyberattack, and therefore gives SMEs better protection for growing their business safely.”

Meanwhile OZON founder and chief executive Regis Rocroy pointed to a paradigm shift, with them moving from one-time assessment to integrated and continuous management of cyber risks. The CEO called it the company’s first step into the world of insurtech.