Swiss Re and the specialist insurance broker Capsicum Re have recently launched a new holistic cyber reinsurance solution. Decrypt offers a single, flexible, end-to-end solution to insurers’ cyber exposure challenges, including embedded, silent, and affirmative cyber risks.
Decrypt’s modular approach is comprised of risk identification, quantification and transfer. It offers market-leading cyber-risk evaluation expertise and a lead line from Swiss Re of up to USD 50 million per client with the support of a growing pool of risk transfer capacity.
Anthony Cordonnier, Head Cyber Product Management at Swiss Re, said, “Decrypt gives insurance companies a unique understanding of their portfolios’ affirmative and silent exposures, and offers protection against the aggregation of cyber losses across different lines of business.”
Maya Bundt, Head Cyber & Digital Solutions at Swiss Re, said, “Decrypt is the first holistic cyber solution that helps insurers identify and manage their cyber risk exposures, as well as meet growing regulatory and internal requirements.”
Ultimately, Decrypt delivers substantive immediate value to clients, while bringing Swiss Re and panel reinsurers greater clarity and insight so that they may offer bespoke risk transfer solutions that really meet their clients’ specific needs.
