Chubb launches Personal Cyber Insurance in the UK
Chubb in the UK announced the launch of a new cyber product to protect individuals and their families in the digital world. Chubb’s Personal Cyber Insurance provides a range of protection and services not only to help mitigate risks and keep individuals safe online but also to offer action and practical support if they are victims of certain cyber-related incidents.
The proposition consists of four key elements:
- Prevention: Proactively monitoring accounts, alerting customers to data breaches providing ongoing advice and training;
- Representation: Legal support for cases of online bullying and harassment;
- Repair: Fix/replace infected devices and restoring lost or stolen digital content;
- Reimbursement: Financial support for customers affected by cyber extortion.
Chubb’s Personal Cyber Insurance will be available only through Chubb partner businesses such as Financial Institutions, Retailers, Employee Benefits, Payment Providers or Mobile Network Operators.
“We are delighted to be able to offer this new and innovative Personal Cyber Insurance policy for our partner businesses. Chubb has a long history of providing white label and branded solutions for some of the world’s leading brands. We also have more than 20 years of expertise in providing cyber protection to some of the biggest corporations, combined with extensive experience in delivering innovative insurance products to millions of consumers worldwide. Chubb’s Personal Cyber Insurance brings together that knowledge and those insights to help individuals to safeguard themselves and their families online. We all enjoy so many benefits from living in a digitally-driven age, but the internet can also be a haven for criminals and bullies whose actions can often have a devastating impact on their victims. Chubb’s Personal Cyber Insurance helps customers and their families be safer and also offers protection and practical solutions if they are targeted.” – Executive Vice President, Specialty Personal Lines International, Chubb, Chris Eappariello.