Aon & Marsh collaborate with European industry bodies on cyber risk guide

A group of European industry bodies including BIPAR (European Federation of Insurance Intermediaries), FERMA (Federation of European Risk Management Associations), and Insurance Europe have published a guide to help organisations better evaluate their cyber security posture and need for cyber insurance.

The guide, published in association with Aon and Marsh, is titled ‘Preparing for cyber insurance’ and outlines how organisations with an interest in accessing cyber insurance can best prepare for discussions with insurance intermediaries and insurers.

It also provides tools to help organisations evaluate cyber insurance offers and how they may translate in practice.

“This guide is the first of its kind, and is a joint effort by risk managers, insurers and intermediaries to help organisations effectively discuss their cyber insurance needs,” said Jo Willaert, President of FERMA.

“Our ambition is to support insurance buyers in selecting the insurance solutions that are the best adapted to their needs.”

Michaela Koller, Director General of Insurance Europe explained how there are various tools available to enhance an organisation’s resilience, of which cyber insurance…