Singapore
22 August 2016
Reporter: Becky Butcher

Chubb launches cyber ERM solution in APAC


Chubb has launched its new cyber enterprise risk management solution in the Asia Pacific region, starting with Australia, Hong Kong and Singapore.

The new solution is intended to help clients understand what leads to cyber incidents, and how to prevent them prior to the policy inception.

It also offers guidance to minimise losses and manage reputation in the case of a cyber incident.

Marcel Van Peenen, regional professional indemnity and cyber liability manager for Chubb Asia said: "Cyber attacks are on the rise and taking a serious toll on businesses. According to various reports, Asia Pacific businesses have lost billions of dollars in revenue due to cyber attacks in recent years. Against this backdrop, companies can no longer ignore the reputational and financial risks posed by cyber threats.”

He added: “Through cyber enterprise risk management, we're moving beyond insurance to offer a loss control and risk management solution.”

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