WHITEHOUSE STATION, N.J. - October 6, 2017 - Chubb's Global Cyber Risk Practice has won two of Business Insurance's 2017 Innovation Awards. Both entries - the Global Cyber Facility Property and Casualty Enhancement Endorsements and Chubb's Cyber Services for Loss Mitigation: Online Cyber Security Education - were recognized as forward-thinking, innovative solutions to cybersecurity's rapidly evolving risk landscape.
The Global Cyber Facility Property and Casualty Enhancement Endorsements enable policyholders to close cyber-related exposure gaps within their cyber, casualty and property policies. Additionally, the offering allows policyholders to gain a better understanding of their total cyber risk and determine which policy could respond to a potential cyber event, enabling risk managers to confidently respond to the concerns of their C-Suite and Board regarding their cyber protection.
Online Cyber Security Education, part of Chubb's suite of cyber Loss Mitigation Services, is offered to all Chubb cyber policyholders as a tool to help better prevent cyber events. As cyber risks proliferate, businesses recognize the need for more awareness about cyber risk exposures. To address this need, Chubb worked with a security training provider to deliver an online cyber security education portal to all cyber policyholders. Chubb is dedicated to educating its policyholders on all aspects of cyber risk and the coverage they receive.
'Right now, there is no sector with a broader range of risk and a more uncertain future than cybersecurity,' said William Stewart, Division President of Chubb's Global Cyber Risk Practice. 'It is essential that insurers are offering dymanic solutions and thinking progressively about how they can be best positioned to help keep their clients safe both today and years from now.'
'Having not one, but two of our client offerings recognized by Business Insurance as among the most innovative products and services on the market is an enormous honor,' added Michael Tanenbaum, Executive Vice President, Chubb's Financial Lines division. 'We will not rest on these laurels. Continuous innovation is at the heart of what we do at Chubb, and we will continue to deliver fresh solutions to our policyholders as the cyber risk landscape continues to change.'
To learn more, visit www.chubb.com/us/cyber.
Chubb is the world's largest publicly traded property and casualty insurance company and the largest commerical insurer in the United States. 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. Additional information can be found at www.chubb.com.