Chubb expands cyber risk engineering capabilities in the UK and Ireland
LONDON, September 15, 2016
Chubb today announced that it has expanded its cyber risk engineering capabilities in the UK and Ireland, as it continues to invest in building its cyber enterprise risk management proposition in the region.
Chubb’s UK and Ireland dedicated cyber risk engineering team, headed by Nick Bellamy, Senior Technology Specialist, will provide current and future cyber policyholders across all industry segments with risk engineering and loss mitigation services. Risk engineers will engage directly with customers to better understand their cyber risk exposures and help them to improve their cyber risk management profile. Chubb’s risk engineering team will build on the tripartite partnership between broker, client and insurer to gain a deeper understanding of clients’ individual mission critical activities and data risks. Additionally, the team will deliver cyber training sessions throughout the UK and Ireland for customers and distribution partners. Previously, these services were available only for clients in the info tech sector.
Pre-loss risk engineering is a key component of Chubb’s Cyber Enterprise Risk Management, which also includes immediate incident response when a cyber event occurs. Policyholders have access to the Chubb Cyber Incident Response Platform, a single point of contact and a 24/7 incident response platform to report cyber incidents, supported by Crawford & Company, a global leader in claims and crisis management. Qualified incident managers help insureds deal with the complexities of a cyber incident from start to finish and offer access to a global network of crisis management service providers.
Nick Bellamy, Senior Technology Specialist, Risk Engineering Services, for Chubb in the UK and Ireland, said:
“When it comes to cyber risk, each client has different exposures and different security needs. Our highly skilled risk engineering team will work with our clients to better understand their individual business activities and risks in order to support their existing risk management in mitigating the specific cyber threats they face and help them to develop a culture of vigilance and preparedness. Our specialists, working in partnership with our clients, can help to significantly enhance their cyber resilience to reduce the likelihood of, and expedite recovery from, a successful cyber-attack.”
Grant Cairns, Head of Financial Lines for Chubb in the UK and Ireland, said:
“The expansion of our in-house risk engineering capabilities is yet another example of Chubb’s commitment to becoming a best in class provider in the UK and Ireland cyber risk market. With a comprehensive proposition that includes both pre- loss risk engineering and post-loss response, we help our clients prevent cyber incidents before they happen and enable them to respond quickly and effectively when an incident does occur.”
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.