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The findings are published as cyber security breaches and computer hacking attacks become an increasing concern for
At a breakfast briefing attended today by over 100 insurance brokers, ACE said that it had reviewed and relaunched its cyber insurance solution 'Dataguard Advantage' in response to the changing risk environment and called on insurers and brokers to work in close partnership to meet client needs. An interactive poll of brokers during the event revealed that most insurance brokers currently discuss cyber risk with clients either ‘infrequently’ or ‘never’.
Using real claims scenarios, ACE cyber underwriting expert,
•Potential first party risks
•Third party liability
• Legal and crisis management
•Costs of breaches and responding to an incident
• Types of insurance cover available
Also speaking at the breakfast was
ACE’s ‘Glossary of common terms used in cybercrime and IT insurance’ is available for brokers on request to [email protected] with full information about ACE’s Dataguard Advantage available from www.acegroup.com/uk
Notes to editors:
* The funding has been provided by the government over a four-year period to support the development of the Met's Police Central e-Crime Unit (PCeU), an 85-strong team whose remit is to tackle those responsible for the most serious cybercrime incidents of computer intrusion, distribution of malicious code (malware), denial of service (DDoS) attacks and internet-enabled fraud.
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