CyberGuide - Information Security and Cyber Risk Management

Hiscox

Meghan Hannes
520 Madison Avenue
New York, NY 10022
646.651.9184
Meghan.hannes@hiscox.com


About Hiscox:

Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. Through the retail businesses in the UK, Europe, Asia and the USA, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS.

Since 1999, we’ve built internal knowledge around privacy and cyber insurance, launching our Hiscox CyberClear® brand in 2016 and winning the 2019 UK Insurance Times Cyber Product of the Year. In 2017 we invested in the CyberClear Center, a global team dedicated to understanding cyber risk, aggregating insight, and developing cyber tools and services for our customers. Our annual Hiscox Cyber Readiness Report, for example, surveys over 5,000 businesses across 7 countries, while the Hiscox Cyber Exposure Calculator helps business owners understand their risk. The Hiscox CyberClear Academy mitigates cyber risk through free online cyber training for our insureds. Cyber expertise will continue to be a priority at Hiscox as we promote risk awareness and mitigation for businesses of all sizes, and support our customers whenever a breach may occur.

Survey Answers

Target Client Size
all company sizes
Does US business in
Northeast, Southeast, Midwest, Southwest, West
Does international business in
Continental Europe, Asia, United Kingdom
Primary Service Offering
Insurance Carrier
When did your company start writing standalone cyber insurance policies?
Prior to 2000
What are your company’s cyber insurance direct written premiums?
more than $200M
What percentage of your cyber insurance direct written premiums come from standalone policies and endorsements?
Standalone 91 - 100% | Endorsement 0 - 10%
What percentage of your cyber book of business is primary and excess?
Primary 71 - 80% | Excess 81 - 90%
How many dedicated cyber insurance underwriters of standalone does your company have?
more than 25
How many cyber-related claims did your company handle in 2019?
more than 100
What percentage of your cyber-related claims were covered by standalone cyber policies and other lines business?
Standalone 81 - 90% | Other Lines 0 - 10%