CyberGuide - Information Security and Cyber Risk Management

Willis Towers Watson

Peter Foster – Chairman, Global FINEX Cyber and Cyber Risk Solutions
200 Liberty St
New York, NY 10281
617.901. 8174
Peter.foster@willistowerswatson.com


About Willis Towers Watson:

Willis Towers Watson is a leading innovator when it comes to addressing the changing risk landscape through solutions and services designed to help organizations mitigate the myriad of cyber challenges they face. While technological advances have enabled businesses to work smarter and faster, they also have highlighted the weakest link within any organization: the human element. We accordingly strive to provide cutting edge solutions using our unparalleled analytics and human capital solutions – not only to identify exposures but also to find meaningful insurance solutions. As technology has become a driver of business models, cyber risk has grown into a systemic threat to successful operations. Willis Towers Watson’s broking expertise is available to all of our clients to help build out a truly comprehensive cybersecurity program best tailored to a client’s needs. Now more than ever, businesses need to protect themselves from threats that could jeopardize their financial success and sustainability.

Survey Answers

Target Client Size
more than $100M
Does US business in
Northeast, Southeast, Midwest, Southwest, West
Does international business in
Canada, Continental Europe, Asia, Africa, South America, Australia/New Zealand, Mexico, United Kingdom
Primary Service Offering
Insurance Broker
When did your company start placing standalone cyber insurance policies?
2005
What was your organization's standalone cyber gross written premium this year?
Did not respond
How many dedicated cyber insurance brokers does your company have handling client cyber risk on a day-to-day basis?
more than 100
What percentage of your clients buy cyber insurance?
91-100%
Approximately how many standalone cyber claims did your firm’s clients file in the last 12 months?
Did not respond
Approximately how many cyber claims involving other lines of business did your firm’s clients file in the last 12 months?
Did not respond
Who are your top 5 trading partners of primary cyber insurance policies?
AIG, AXA XL, Beazley , Chubb, Lloyds of London, Zurich
Who are your top 5 trading partners of excess cyber insurance policies?
AIG, AXA XL, Beazley , Chubb, Lloyds of London, Zurich