Chubb’s UK arm has announced the launch of a new cyber product to protect customers against cyber threats in the digital world.
Chubb’s Personal Cyber Insurance provides a range of protection and services to help mitigate online risks and protect customers, as well as offer action and practical support if they are victims of cyber-related incidents.
The proposition consists of four key elements: prevention, representation, repair and reimbursement.
The new programme will proactively monitor accounts and alert customers to data breaches as well as provide ongoing advice and training.
It will also provide legal support for cases of online bullying and harassment, and fix or replace infected devices, as well as restore lost or stolen digital content. In addition, it will provide 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, payment providers or mobile network operators.
Chris Eappariello, executive vice president, Specialty Personal Lines International, Chubb said: “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.”
He added: “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.”