23 June 2015
Reporter: Becky Butcher

Aon in new initiative to tackle cyber risk

Aon Risk Solutions has joined an initiative to tackle cyber risk that is funded under the European Commission’s Horizon 2020 programme.

Aon is partnering on the Wide Impact Cyber Security Risk Framework (WISER) project as part of the EU’s Horizon 2020 Research and Innovation programme, which has nearly €80 billion of funding available over seven years.

As part of the Horizon 2020 project, the EU aims to put cyber risk management at the heart of good business practice. By 2017, WISER will provide a framework to assess, monitor and mitigate cyber risks.

Bill Peck, chief commercial officer at Aon Risk Solutions in Europe, the Middle East and Africa, commented: “It is a great privilege to be the only financial services organisation selected by the European Commission to partner with them on their WISER cyber resilience project.”

Giorgio Aprile, director financial industry advisory services at Aon, added: “Aon’s involvement in this WISER project will drive practical business outcomes such as a real time IT assessment platform and a cyber risk exposure model for non-traditional aspects of cyber risk”.

The WISER risk platform targets infrastructures or complex cyber systems, which demand real-time and cross-system assessment of vulnerabilities and threats.

More news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Cayman captive industry generated $100m in 2016
14 December 2017 | Grand Cayman | Reporter: Ned Holmes
The Cayman Islands captive insurance industry generated $100 million for the island’s economy in 2016, according to a recent economic impact survey.
BDA board gains new chair
14 December 2017 | Hamilton | Reporter: Ned Holmes
Paul Scope has been elected as the new chair of the Bermuda Business Development Agency (BDA) and Shelby Weldon has been appointed to the board of directors.
Ameriprise captive rated ‘excellent’, says A.M. Best
14 December 2017 | New Jersey | Reporter: Ned Holmes
Ameriprise Captive Insurance Company (ACIC) has received a financial strength rating of “A (Excellent)” and a long-term issuer credit rating of “a+” from A.M. Best.
PRIIA to help grow Puerto Rico as a captive domicile
13 December 2017 | San Juan | Reporter: Ned Holmes
The Puerto Rico International Insurance Association (PRIIA) will play an expanded role in helping to grow the country into a leading captive insurance domicile, according to PRIIA president Hugo Cordova.
Brit launches new Bermuda-based SPI
13 December 2017 | Bermuda | Reporter: Ned Holmes
Insurance and reinsurance group Brit has launched a new Bermuda-domiciled collateralised reinsurance platform, Sussex Capital.
Two funds complete trade on ILSBlockchain
12 December 2017 | St Peter Port | Reporter: Ned Holmes
Two funds have completed what is believed to be the first secondary market securities trade on notes digitised on the ILSBlockchain, a private blockchain set up by Guernsey incorporated cell company Solidum Re.
NiSource captive rated ‘excellent’ by A.M. Best
11 December 2017 | Oldwick | Reporter: Ned Holmes
A.M. Best has given the financial strength rating of “A- (Excellent)” and the long-term issuer credit rating of “a-” to NiSource Insurance Corporation (NICI).