Cyber insurance, also known as cyber security insurance or cyber liability insurance, is designed to help businesses and organizations mitigate the financial losses and liabilities associated with cyber incidents. This can include data breaches, cyber attacks, and other forms of digital threats.
With years of experience in cyber insurance, Allianz Commercial is at the forefront of protecting businesses from the ever-evolving landscape of cyber crime and digital threats.
Our extensive expertise allows us to offer a wide range of cyber insurance products that provide you with comprehensive coverage tailored to your specific needs.
Whether you need stand-alone cyber insurance or prefer to integrate cyber risk coverage into your traditional property and liability policies, we have the right solution for you. Our solutions are designed to give you the peace of mind that comes from knowing you are protected against potential financial loss from cyber incidents.
in our comprehensive annual report.
New data privacy trends help drive growth of large cyber claims:
in the first six months of 2024 of cyber claims >€1mn
Being prepared is essential to minimizing the impact of a potential cyber-related event.
That’s where Allianz Commercial can help. Our Allianz Cyber & Technology policy provides access to preferred breach response services from top-tier global providers.
We connect you with experts who can help mitigate risks and guide your organization in recovering from cyber breaches based on your specific needs.
Learn more about our specialized vendors:
Our network of specialized vendors listed below are available to support you in various areas crucial to managing a cyber incident including developing a robust incident response plan, conducting tabletop exercises to test cyber resiliency, ensuring compliance with evolving regulations, providing awareness training on applicable laws, and performing technical risk assessments.*
Brokers or insureds are encouraged to contact their Allianz representative within 30 days of binding a policy to confirm their intent to utilize these services during the policy period. Completion of the services is not required within the initial 30-day timeframe.
CYPFER offers a comprehensive suite of services designed to guide organizations through every stage of a cyber incident while delivering proactive measures to strengthen cyber resilience. With Cyber Certainty™, CYPFER provides unmatched expertise to ensure rapid response, minimal disruption, and full recovery.
Service offering through Allianz:
Proactive services: Enhancing organizational defences with incident response retainers, ransomware readiness assessments, advanced tabletop exercises, breach readiness assessments, cyber awareness training, technical testing (including penetration testing and vulnerability assessments), attack surface assessments, threat intelligence services, and offensive security simulations. We also deliver 24/7 SOC monitoring, endpoint security-as-a-service, and robust DDoS protection to ensure constant vigilance and business continuity.
SentinelOne's Singularity platform is an advanced enterprise cybersecurity solution that offers unified prevention, detection, and response across an organization's security estate. Leveraging artificial intelligence, it provides autonomous cybersecurity capabilities to ensure protection at machine speed, greater scale, and higher accuracy.
Key features include endpoint security, cloud security, identity security, and network discovery. The platform also includes the Singularity Data Lake, which centralizes and transforms data for high-performance, AI-powered security and log analytics, enabling real-time enterprise-wide visibility, control, and actionable insights.
The Tabletop Exercise evaluates your organization’s cyber crisis processes, tools and proficiency in responding to cyber attacks from both an executive strategic and technical incident response perspective. During each exercise, Mandiant consultants introduce multiple scenario injects based on real-world experience in a roundtable environment to observe the organization’s simulated actions and decisions in response.
Before beginning a tabletop exercise, Mandiant experts first develop an understanding of the client organization’s threat profile, operational environment, and specific areas of concern. We conduct an on-site workshop with key individuals, and introduce evolving scenario injects based on attacker behavior, techniques, and tactics observed during our incident response work.
Benefits: Identify gaps between documented and expected responses in comparison to what actually happens and recommendations based on real-world incident response best practices
Preparation is crucial for building an organization’s cyber resilience. Clyde & Co ONE offers tailored solutions to ensure your organization remains proactive in addressing cyber threats internationally. Our readiness services include a range of products from bespoke Cyber Tabletop Exercises, Board Briefing and Cyber Risk Training, Ransom/Extortion Decision-Making Frameworks, through to Legal & Data Privacy Compliance support. Our expert-led services will allow your business to confidently navigate cyber risk.
Mullen Coughlin’s interactive and tailored tabletop exercise is designed to test your organization’s preparedness to respond to a data privacy and security incident, along with the effectiveness and accuracy of your incident response plan (IRP). Relying upon its unparalleled experience in counseling thousands of organizations through their investigation and response to data privacy and security incidents, the tabletop exercise will provide an opportunity for your organization to pressure-test its IRP against a simulated data security incident and bring to the surface some of the legal, operational, and technical obstacles you may face during a data privacy and security incident.
Mullen Coughlin LLC is a law firm with over 130 attorneys solely dedicated to counseling organizations in the context of data privacy and security, providing bespoke counsel relating to pre-incident Advisory Compliance services and solutions; data privacy and security incident response; regulatory investigation; and privacy litigation defense.
Our risk consulting team, in collaboration with trusted partners around the world, specializes in identifying organizations' cyber exposure.
We offer a comprehensive suite of cyber services, including workshops, surveys, cyber 360 assessments, business continuity management, risk scenario analysis, crisis training, ensuring transparency across the cyber value chain.
Complimentary cyber loss control services delivered by Allianz expert cyber risk consultants.*
*available for up to three hours.
When a breach event occurs, time is of the essence. Having a breach response plan in place with access to the third-party resources you need can help you respond to and recover from the breach efficiently and cost-effectively.
As an Allianz policyholder, you will receive complimentary access to the eRiskHub portal, powered by NetDiligence®. eRiskHub provides tools and resources to help you understand your exposures, establish a response plan and minimize the effects of a breach in your organization.
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