Aon Risk Solutions, the risk management business of Aon plc, has introduced Aon Cyber Enterprise Solution, a property/casualty and Internet of Things insurance policy that offers enterprise-wide coverage against cyber risk.
Organisations are increasingly dependent upon technology and information assets to increase efficiency and revenue. As a result, the risk characteristics of the organization continue to evolve to include new risks, such as system failures, third-party attacks, internal mistakes and malfeasance.
"Technology-enabled business models are core to organizations in all industry segments," said John Bruno, Aon's chief information officer and executive vice president of enterprise innovation. "Aon is committed to delivering innovative solutions to help clients understand ever-changing risks like cyber in a coordinated manner so they can improve their defensive positioning and offensive response."
Aon Cyber Enterprise Solution is available through the Aon network globally and offers an integrated cyber solution for property, products liability, supply chain risk, technology platforms and information/physical assets, in addition to defenses against privacy and security liability.
Practitioners across Aon, including representatives from risk, technology, actuarial modeling, incident response and security, collaborated to develop this solution. The Aon team has been successful bringing a number of clients across industries to market on the Aon Cyber Enterprise Solution form.
"The impact of cyber risk has fundamentally changed," said Stephanie Snyder, Aon Risk Solutions cyber practice sales leader. "Aon Cyber Enterprise Solution helps our clients think about cyber risk differently to address each organization’s holistic cyber exposures under one policy."