CyberGuide - Information Security and Cyber Risk Management

Beazley

Paul Bantick, Head of Global Cyber & Tech
22 Bishopsgate
London, United Kington
EC2N 4 BQ
+44.0.0.7667.0623

beautifully.designed@beazley.com


About Beazley:

With Beazley’s 360° approach, companies have access to a comprehensive set of solutions created to protect their business from the dangerous world of cyber risks.

Beazley Breach Response (BBR) provides breach response services for up to 5 million persons along with coverage for payment card industry costs, regulatory defense and penalties, and first party and crime coverage.

Beazley’s policy form is streamlined and comprehensive to cover organizations seamlessly in the event of a cyber breach. The BBR policy includes:

  • -First party coverage for cyber extortion;
  • -Data recovery costs;
  • -Business interruption resulting from security breaches and system failures;
  • -Contingent business interruption from incidents occurring at the policyholder’s vendors and suppliers; and
  • -eCrime coverage

 

BBR offers more coverage per dollar of premium, through multiple towers of coverage that ensures the breach response costs covered under the policy do not erode third party limits.

Beazley recognizes that preparing for and preventing breaches have become inseparable from insuring a cyber loss. Beazley offers a full suite of pre-breach breach and risk management services through Beazley’s in-house BBR Services team. In the event of a cyberbreach, BBR policyholders will work directly with BBR Services and Beazley’s claim team to resolve the incident.

Beazley’s 360° approach to cyber risk makes BBR, quite simply, the world’s best designed cyber insurance solution.

Advisen Cyber Risk Insurer of the Year 2014, 2016, 2018, 2020, 2021

Advisen Cyber Risk Pre-breach Team of the Year 2017, 2019, 2020, 2021

Advisen Cyber Risk Event Response Team of the Year 2014-2016, 2018

Survey Answers

Target Client Size
0 to more than $10B
Does US business in
Northeast, Southeast, Midwest, Southwest, West
Does international business in
Canada, Continental Europe, Asia, South America, Australia/New Zealand, Mexico, United Kingdom
Started writing standalone cyber insurance policies
2006
Cyber insurance direct written premiums
more than $200M
Percentage of your cyber insurance direct written premiums standalone policies/endorsements
81% to 90% standalone | 11% to 20% endorsements
Percentage of your cyber book of business primary/excess
71% to 80% primary | 21% to 30% excess
Dedicated cyber insurance underwriters of standalone cyber
more than 25
Percentage of cyber-related claims covered by standalone cyber
91% to 100% standalone
How many cyber-related claims did your company handle last year?
more than 100