​​Generali launches cyber insurance services

The solutions will be offered globally, starting in Europe at the beginning of 2022, and it allows for customisation depending on the local market and client preferences.

Generali has announced a collaboration with Accenture and Vodafone Business to create a package of cyber insurance services that help corporate and SMEs clients recognise, respond to and recover from cybersecurity threats and incidents.

The initiative, which includes cyber risk assessments, phishing simulations and learning programs, will support Generali customers to “strengthen their ability to ensure a prompt restoration of normal operations”, and to mitigate consequences in their own organisation and third parties.

As a global cybersecurity provider, Accenture will offer Generali’s customers cyber risk assessments and provide “timely responses” to cyber incidents.

It will also provide Generali’s cyber insurance underwriters access to Accenture’s Security Academy platform, which offers learning programmes on cyber threats and how to address them.

Meanwhile, Vodafone Business will focus on the SME market, providing post-breach incident response services and managing the contractual relationship with the insured.

Generali said SMEs can benefit from initial incident categorisation and response activities through “complex security investigation”.

Bruno Scaroni, Generali group chief transformation officer, said: “Technology, consumer needs and cyber risks evolve rapidly, and the insurance industry must accelerate to embrace new digital opportunities and respond to increasing cybersecurity needs.

“Building on the strategic collaboration with Accenture and Vodafone Business, Generali will be able to help its corporate and SME customers understand their risk profile and define the best cyber insurance solutions.”

Paolo Dal Cin, Accenture Security lead for Europe, added: “Cyber risks and threats vary by industry and from one region to the next. Our approach is to bring together the right technology and talent to fit specific industries to help clients be more resilient.”

Andrzej Kawalec, head of Cybersecurity at Vodafone Business, said: “We are delighted to enter into this partnership with Generali and Accenture. By leveraging our existing relationship with Accenture, we are able to offer small and medium-sized enterprises an unrivalled range of security services across the globe.”

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