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.”

More technology 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
Eurobase’s synergy2 to support Sigurd’s captive operations
9 November 2017 | London | Reporter: Lorella Fava
Sigurd Rück AG (Sigurd), the captive of Saipem domiciled in Zurich, Switzerland, has selected Eurobase Insurance Solutions’s synergy2 to support its captive operations
Allianz explores blockchain for captives
07 November 2017 | London | Reporter: Stephanie Palmer
Allianz Global Corporate & Specialty has implemented a blockchain prototype for a global captive insurance programme, intended to improve the efficiency of international corporate insurance transactions
Cybercrime losses set to increase, says cyber risk expert
12 October 2017 | London | Reporter: Becky Butcher
Losses from cybercrime are only likely to increase because of far-reaching global connectivity, warned James Trainor, Aon’s senior vice president of cyber solutions
Insurers are increasingly concerned about “silent cyber” exposure, a recent Willis Re poll revealed.
Aon launches captive feasibility app
09 August 2017 | Illinois | Reporter: Becky Butcher
Aon has developed an app, Aon Captivate, for clients to assess whether a captive is the right solution for them through a full feasibility study
Bespoke Software launches inTell Captive
28 March 2017 | Hamilton | Reporter: Mark Dugdale
Bermuda-based Bespoke Software has launched the new business intelligence software solution to help captive managers leverage their data
Aon and SS&C launch ILS platform
23 February 2017 | Pembroke | Reporter: Becky Butcher
Aon Insurance Managers and SS&C Technologies have launched a joint platform intended to simplify insurance linked-securities (ILS) management...