Following the exponential increase in global cyber-attacks and the growing sophistication of hackers in recent years, cyber risk has moved from being viewed as purely an IT issue to a board level concern for companies of all sizes around the world. The devastating financial impacts suffered by organisations across all industries, combined with the increasingly stringent data protection and cyber security regulations being implemented across the globe, helps to explain why Cyber is the fastest growing line of insurance in the world.
The UIB Cyber team works with clients from around the world on a daily basis and has developed close working relationships with both insurers and a range of cyber security specialists to assist an insured in their time of need and provide a range of additional services designed to improve the cyber risk profile of our clients. The Cyber team draws on many years of experience to identify and advise our clients on how to most effectively transfer their cyber risk exposures in line with their regulatory requirements and internal risk appetite.
UIB is a multi-cultural and multi-lingual broker headquartered in London. The London Cyber team is UIB’s leading centre for global Cyber insurance, working regional offices worldwide to support our clients locally.
WHY UIB CYBER
Personal Client Service
Private & Independently-owned
As an independent broker, we focus on generating long-term value for our clients by timely accessing global markets for local interests, by selecting and negotiating with suitable local Insurers and international Reinsurers, and by analysing and presenting offers from Insurers and Reinsurers. Being independent enables us to establish stable relationships with clients and market players through honest, informative and transparent communications, unbiased judgements, and constantly adopting a strong stance when defending our clients’ interests.
WHAT WE DO
UIB have close relationships with leading specialist Cyber Risk re/insurers in the London market who understand your whole portfolio needs protection. UIB will seek to understand your requirements and provide Cyber coverage that compliments your current insurance portfolio.
Our product and services include
- Privacy Breach Costs – including forensic experts; customer/regulatory notification costs ; credit monitoring services ; call centre costs
- Network (business) Interruption
- Data restoration
- Cyber Extortion
- Cyber Crime
- System Failure
- Cyber Induced Physical Damage & Business Interruption
- Contingent Business Interruption
- Payment Card industry Data Security Standards (PCI DSS) cover
- Crisis Communication Costs
3rd Party losses & legal expenses arising out of:
- Multi-media liability
- Network security liability
- Confidentiality breach coverage
- Regulatory and defence costs
WHO WE SERVICE
To learn how our Cyber team’s expertise can benefit you, or for further information please contact: