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Aon P.L.C. and Hewlett-Packard Co. are collaborating to provide enhanced, integrated cyber coverage tailored to meet the growing needs of the middle market and others, the companies said in a statement Tuesday.
The solution will extend from a portal-based risk assessment by Aon through the deployment of devices, software and services from HP and, should it become necessary, post incident response and recovery services from Aon.
“We have a combination of assets that enable us to provide a turnkey solution, particularly for the middle market,” Jason Hogg, New York-based CEO of Aon Cyber Solutions, part of Aon P.L.C., told Business Insurance.
“We feel the middle market doesn’t have the same resources to protect against the whole host of different cyber events that occur,” Mr. Hogg said, adding Aon sees the segment being targeted with increasing frequency and severity.
Clients begin with Aon’s cyber resiliency evaluation and follow by deploying HP hardware, software and services.
“The backbone of the system is built on an analytics platform,” which is constantly analyzing device performance and security posture, Michael Park, Palo Alto, California-based general manager and global head, emerging computer solutions, at HP, told BI.
The vast majority, 82%, of IT teams with whom HP works say they are challenged on securing data and devices in their environment, Mr. Park said, adding that more than 70% of data breaches now occur through endpoints such as PCs and handheld devices.
Data from global market intelligence firm International Data Corp. shows the number of handheld devices per employee doubling from 1.6 just three or four years ago, Mr. Park said, to 3.4 in the next three years. “The IT guys have to figure out how to secure all those endpoints.”
Clients who engage the whole process then become eligible for enhanced cyber coverage through the Aon premier cyber insurance panel, including “access to Aon’s comprehensive broking resources with a view towards best in class pricing and deductibles to mitigate financial risk,” the statement said.
Those organizations will also have access to Aon’s incident response team in the event of an attack.
The Aon-HP joint offering is expected to launch in fall 2018 and will initially be available only directly from HP and through channel partners in the U.S. and will become available outside of the U.S. over the next year.
Peter Mullen, Aon P.L.C.’s former captive chief, is returning to head rival brokerage Arthur J. Gallagher & Co.’s captive operation, Artex Risk Solutions Inc.