Marsh offering program with insurers to manage cyber risksPosted On: Mar. 26, 2019 2:40 PM CST
Marsh LLC said Tuesday it is introducing a program, Cyber Catalyst, that will help organizations make more informed choices about cybersecurity products and services to manage cyber risk.
Marsh said in its statement the program brings together leading cyber insurers to identify and evaluate solutions they consider effective in reducing cyber risk, giving them “greater clarity” in the increasingly complex cybersecurity marketplace.
It said participating insurers will evaluate cybersecurity offerings that address major cyber risks, such as data breach, business interruption, data theft or corruption, and cyber extortion, with the goal of better equipping organizations to make selections that meaningfully affect cyber risk.
Participating organizations may qualify for enhanced terms and conditions on individually negotiated cyber policies with participating insurers, Marsh said.
It said participating insurers include Allianz SE, Axis Capital Holdings Ltd., Axa XL, Beazley PLC, CFC Underwriting Ltd., Munich Reinsurance Co., Sompo International Holdings Ltd. and Zurich North America.