Cyber Risks

The coming years will continue to see technology enable world trade and growth. With that will come increased exposure for almost every segment of the global economy to Cyber crime and associated risks. The past few years have seen the ever-increasing prevalence of criminal activity targeting companies both large and small.  

The response to these ever-increasing threats has been significant, with the general awareness of Cyber crime at record levels. The growth in technology based Cyber resilience products has also been notable. Despite this it is acknowledged that almost all IT based protection strategies cannot eliminate all risk and therefore any true Cyber resilience strategy needs to include insurance to be fully effective. 

RFIB continue to work with the global insurance markets to deliver effective solutions to Cyber risk. We pride ourselves on bringing market leading, independent specialist risk assessment expertise to our client’s. In addition to this where appropriate we partner with leading Cyber resilience providers to provide bespoke solutions, matching technology solution with insurance indemnification.   

Our core insurance coverages provide protection against: 

  • Ransomware
  • Data breach costs including; forensic investigations, legal advice, notification costs, credit monitoring
  • Cyber Business Interruption
  • Privacy protection
  • System damage to your websites, programmes of electronic data
  • Cyber event response

Using RFIB’s international footprint we are able to service a multitude of jurisdictions and have experience working with clients across the globe. This brings us a unique view of Cyber risk based on a truly worldwide viewpoint.  

Additionally, RFIB is able to offer market leading reinsurance facilities providing innovative Cyber capacity where required. We are also in a position to partner with aligned companies seeking a Cyber insurance provision.

Our team of experts include individuals with extensive experience within the Cyber markets and prides itself on its ability to service its clients, both insured, carriers and fellow brokers.  

Your Key Contacts

Jonathon Lane

Head of Financial Lines & Cyber

Financial Lines & Cyber Risks

Richard Spragg

Director

Financial Lines & Cyber Risks