IAG launches cyber agency Cylo

IAG has launched its specialist cyber underwriting agency ‘Cylo backed by CGU’ for small businesses in Australia. CGU is part of IAG.

Coverage is offered to businesses with revenues up to $10 million. Cylo also offers a “secure and insure” package that embeds cyber security within a cyber insurance policy.

To deliver this solution, IAG has partnered with UpGuard and Crawford & Company. UpGuard will provide ongoing cyber risk monitoring to identify vulnerabilities early, while Crawford & Company will oversee 24/7 incident response, cybersecurity intelligence, and end-to-end claims management.

‘Cylo backed by CGU’ is available via CGU affiliated brokers only.