Cyber risk insurance

is designed to help companies mitigate risk by compensating them for the costs incurred in recovering from a cyber security breach or similar event.

Why do you need cyber risk insurance?

Increasing risk

With increasing digitalisation, companies are facing more and more cyber attacks.

More sophisticated attacks

Covers losses due to the actions of external parties, including cyber fraud and identity theft.

Regulatory landscape

The Swiss Federal Act on Data Protection (FADP) and the upcoming revisions are closely modelled on the EU General Data Protection Regulation (GDPR) and increase liability for data breaches.

Key features of a policy for cyber risks

Security breach response

  • Most policies provide a 24/7 response team to effectively handle the incident from the moment it is discovered.

Improving cyber security

  • Insurers often provide guidance on how to improve an organisation’s cyber security, which can help prevent future incidents.

Business interruption losses

  • Extends cover to business interruption losses caused by cyber incidents, ensuring continued operational stability.

Cyber risk insurance in Switzerland is not just about risk transfer, but also about becoming a proactive, resilient organisation capable of managing and recovering from cyber incidents. In light of strict data protection laws and increasing cyber threats, this insurance plays a central role in the strategic planning of Swiss companies.