Cyber risks: a risk that should no longer be overlooked
From family companies with a staff of 50 through to multinationals, Verlingue – a pioneer in cyber risk – helps all companies protect themselves from attacks by computer hackers, or cope with “e-claims”, the impacts and costs of which are all but virtual.
The cyberattacks and other types of IT-related damage that strike companies are becoming not only more frequent but also increasingly sophisticated. They might consist in stealing or blocking customer data and/or your company’s data (including personal data), malicious damage from inside or outside the company, an accidental bug that paralyses the information system or production system, a ransom demand or a virus, for example. They cause hundreds of millions of euros worth of damage every year. The phenomenon is favoured by the growing digitalisation of the economy, teleworking, spurred by the health crisis, and the “professionalisation” of the hackers. In just a few years, the cyber risk has come to be seen as a key risk by all companies, whatever the size or their business, and is now a major challenge… providing you know how to manage it and providing you protect your company from its possible impact with effective and competitive insurance cover.
Verlingue has introduced a ranked approach that makes it possible to:
- Analyse / identify the risks
- Avert and quantify the risks
- Transfer the risk to the insurance market
- Anticipate crisis management and have it ready in the event of an incident
- Provide clear, concise cover of the different items of damage sustained by companies
Overview of the cyber insurance market
In June 2022, AMRAE, the Association for Enterprise Risk Management and Insurance, published the second edition of its comprehensive study LUCY, “LUmière sur la CYberassurance”, on cyber risk insurance coverage in France, to which Verlingue contributed along with seven other brokers specialising in corporate risk.
Philippe Cotelle, Chairman of the AMRAE Cyber Commission and Risk Manager of Airbus Defence and Space, shares with us the lessons and highlights of this new study alongside Frédéric Chaplain, Executive P&C Director of Verlingue.
Meet our expert
Alexandre Tolot
Director of Financial Lines and Special Risks
Discover our solutions
Verlingue advises, negotiates and manages the Property Damage and Lost Business insurance programmes of hundreds of companies in all sectors in France and abroad. Our experts give you support and advice about protecting your assets and your earnings from the consequences of claims that could jeopardise your business.
The increasingly diverse risks to which businesses – from SMEs to multinationals and in all industry sectors – are exposed may render them liable in the event of damage to third parties. To protect your company and its employees and managers, both financially and in terms of image and reputation, Verlingue provides tailored support and guidance.
Our Prevention Department was set up in 2009 to leverage our multidisciplinary engineers’ expertise and experience in risk-management. Today it gives you the guidance and support you need to more effectively protect your company from risks that could jeopardise your business continuity, and allow you to optimise your insurance programme.
