Catastrophic cyber risks - A growing concern
As the world digitises, the frequency, severity, and sophistication of cyber incidents are increasing along with the dependency on technology.
Cyber criminals have already demonstrated their ability to disrupt supply chains for businesses around the world and cripple critical infrastructure. Meanwhile, the steadily increasing adoption of cyber insurance means that more companies have protection, but also that cyber risk aggregation is expanding for the insurance industry.
Explaining widespread events in cyber
To help ensure market stability and provide coverage clarity for our policyholders, Chubb uses two categories to gauge the impact of a cyber event: Limited Impact Events and Widespread Events. But what does this mean for cyber policyholders? Watch Widespread Events: A Sustainable Approach to Insuring Systemic Cyber Risks to find out!
Catastrophic cyber risks - A growing concern
Chubb’s whitepaper examines several types of cyber events that, particularly in combination, have the potential to be catastrophic. The paper also explores an alternative approach for cyber insurance — one that will enable the cyber insurance industry to continue to provide innovative solutions for policyholders while still ensuring the long-term sustainability of the market.
Download the paper
A new approach to address growing cyber risks
Chubb has introduced a flexible and sustainable approach to address growing cyber risks. Learn more about Chubb’s new endorsements for Widespread Events, Neglected Software Vulnerabilities, and Ransomware Encounters.
Download the factsheet
Chubb helps policyholders tailor cyber insurance coverage
Learn about Chubb’s new Widespread Event endorsement — watch a recording of the 11/16/21 webinar, "Widespread Cyber Events Coverage Explained: A Flexible and Sustainable Approach to Address a Growing Risk.”
Watch the webinar
Cyber services: Bridging the gap between insurance and expertise
Chubb’s recently expanded offerings include solutions to help policyholders identify and address cyber risks before an incident occurs, manage software and network vulnerabilities, stop malicious activity from entering and spreading through a network, and educate their workforce to serve as a first line of defence.
Learn more
The benefit(s) payable under eligible certificate/policy/product is(are) protected by PIDM up to limits. Please refer to PIDM’s TIPS brochure or contact Chubb Insurance Malaysia Berhad or PIDM (visit www.pidm.gov.my)
This content is brought to you by Chubb Insurance Malaysia Berhad, Registration No. 197001000564 (9827-A) (“Chubb”) as a convenience to readers and is not intended to constitute advice or recommendations upon which a reader may rely. Any references to insurance cover are general in nature only and may not suit your particular circumstances. Chubb does not take into account your personal objectives, financial situation or needs and any insurance cover referred to is subject to the terms, conditions and exclusions set out in the relevant policy wording. Please obtain and read carefully the relevant insurance policy before deciding to acquire any insurance product. A policy wording can be obtained at www.chubb.com/my, through your broker or by contacting any of the Chubb offices or Chubb agents. Chubb makes no warranty or guarantee about the accuracy, completeness, or adequacy of this content. It is the responsibility of the reader to evaluate the quality and accuracy of material herein.
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