Marsh Launches ‘Cyber Catalyst’ to Help Organizations Make More Informed Cybersecurity DecisionsSource: Business Wire
- First-of-its-kind program convenes leading cyber insurers to evaluate cybersecurity offerings
Inaugural insurers include
Allianz, AXA XL, AXIS, Beazley, CFC, MunichRe, Sompo International, and Zurich North America
Microsoftto serve as program technical advisor
The Cyber CatalystSM program brings together leading cyber
insurers to identify and evaluate solutions they consider effective in
reducing cyber risk, giving organizations greater clarity in an
increasingly complex cybersecurity marketplace. The initial group of
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 select cybersecurity solutions that can have a meaningful impact on cyber risk.
Products and services considered by participating insurers to be effective in reducing cyber risk will be given the designation of “Cyber Catalyst”. Organizations that adopt Cyber Catalyst-designated solutions may qualify for enhanced terms and conditions on individually negotiated cyber insurance policies with participating insurers.
“Organizations want the best possible protection against fast-evolving
cyber threats, but many struggle to navigate the crowded cybersecurity
The first Cyber Catalyst product designations are expected to be announced in the second quarter of 2019. For more information on Cyber Catalyst by Marsh, including vendor and product eligibility and application information, and to sign up to receive program updates, visit the Cyber Catalyst pages on www.Marsh.com.
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