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Cyber security insurability analysis

Cyber attacks caused over 100 million euros in damage to German companies in 2019 - and the trend is rising. Cyber insurance covers financial damages from cyber attacks. But before taking out such insurance, companies must fulfil certain requirements. We support you in this with the insurability analysis cyber security.

A product in cooperation of Robin Data® and Beraterhaus Halle.

Platform Robin Data Consulting

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Advantages at a glance

Analysis of the prerequisites of your company

The providers of cyber insurance are numerous and the conditions vary. Within the framework of a cyber security analysis, certified advisors check which cyber insurance is suitable for your company and which requirements must be met for the successful conclusion of a cyber insurance policy. This will give you an overview and help you decide on the right cyber insurance.

Overview of possible damage amount

In the evaluation, you can see which measures for data protection and data security your company still needs to take and which insurers would not insure your company at the current time, or whether you meet the conditions of an existing cyber insurance at all. In addition, we determine the possible amount of damage and calculate suitable offers for you for the coverage of cyber risks. Thus you know which measures for data protection and data security you have to take and up to which sum you are protected.

Implementation in business processes

Of course, we accompany you in the implementation of cyber insurance into your data protection and information security concept, among other things, as well as in the training of an emergency concept for employees. This way, your company is well prepared in case of a cyber attack. 

Does your company meet the requirements for cyber insurance?

Properties before taking out cyber insurance

Many insurers advertise only cyber insurance benefits and do not say a word about the conditions to be met.

Before successfully taking out cyber insurance, companies must fulfil certain obligations. Before insurance underwriting, insurers will assess your company's "digital health" and decide whether your company is insurable or not.

In the event of a claim, your company must always have been IT-secure and data protection-compliant in order to receive benefits from the insurance company - if not, the insurance company will reduce the benefits up to a complete refusal to pay.

Use of up-to-date virus software

Installation of a suitable firewall

Securely organised patch management

Regular backups and data protection

Secure accounting processes

Appointment of data protection officer

Established and secure password management

Sophisticated user and rights concept

Administrative access for authorised persons only

Employee sensitisation cyber security & data protection

Appointment of Information Security Officer

Cyber risks affect businesses of all sizes, cyber insurance cushions financial losses

Did you know?

  • Digital attacks on companies cause billions in economic damage in Germany - every year.
  • The number of devices we have with access to the Internet and networks within organisations is growing exponentially, increasing the attack surface for cybercrime on the same scale.
  • Successful attacks on the infrastructure of companies cause an average damage of 71,000 euros per attack in Germany - image loss and fines for data protection violations excluded.
  • Particularly critical here is the loss of business due to malfunctioning technology - even in large companies, it usually takes several days to restore working order.
  • 86 % of cyber incidents are due to opening of mail attachments due to untrained personnel.
  • However, the management is responsible for any damage incurred and, in case of doubt, is liable with its personal assets.

This is why cyber insurance is worthwhile

  • This loss of financial liquidity and working time can be mitigated by properly chosen cyber insurance.
  • This is precisely why cyber insurance is the insurance of the 21st century for everyone who depends on functioning IT in their daily work.

Financially protected in the event of a cyber attack

Cyber security insurability analysis

The challenges of taking out cyber insurance are to provide a comprehensive and objective examination of your current safety precautions and a documentation of risk issues from external body for claims settlement to be carried out. In addition, it is necessary to check annually whether these requirements continue to be met.

Only after clarifying these requirements is it possible for businesses to even find the cyber insurance for which your company qualifies.

PLAN - PRICE

Description

Cyber security insurability analysis

999 €¹

Questionnaire-based analysis to verify the fulfilment of

Insurance requirements for the conclusion of a cyber insurance policy


Evaluation of the answers concerning safety-relevant

Structures and business processes

 

Sensitisation of employees to the

Assessment of insurability

 

Preparation of insurance offer and

Determination of the amount of damage


In case of non-fulfilment of the conditions Creation

action plan to make the policy insurable


Documentation of the analysis process 


Printed evaluation as proof of

Insurers and authorities


Evaluation meeting with experts as an online call

1 All prices plus statutory value added tax.

Selected customer opinions

What customers say about Robin Data GmbH

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The software offers a very good structure to systematically deal with all relevant data protection issues. Due to all the templates, the process of GDPR implementation is simplified and time-saving.

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At this point we would like to thank you again for the good cooperation.

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Bulky topic well described, communicated and implemented.

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