In a landmark move for the insurance industry, Zurich has established a new in-house cyber risk engineering team.
The insurer is leveraging its global risk engineering practice, comprised of 700 risk professionals across different lines of business and industries, to provide “a comprehensive approach to cyber risk through risk insights, industry expertise and claims mitigation,” a release said.
Zurich has tapped cyber security segment director Gerry Kane to lead the cyber risk engineering team as vice-president.
The creation of the cyber risk engineering team follows Zurich’s other recent developments in the cybersecurity business:
- Earlier this year, the company launched a new Cyber Fusion Center, which is an internal cyber threat intelligence group that that gathers data on the latest and emerging cyber threats and then creates actionable items for Zurich’s customers. The data is also used to educate brokers.
- Zurich’s cyber underwriting team last month incorporated a new tool called Cyence in their underwriting, pricing, and enterprise risk management decision making. The…
