Setting the standard on cyber risk management
The insurance industry has long helped organizations rise to meet new risk challenges.
AIG is proactively elevating the industry’s response to the proliferation of cybersecurity threats by engaging in evidence-based dialogue that supports a sustainable cyber insurance marketplace.
AIG has offered cyber insurance for more than 20 years. We continue to lead the industry in addressing coverage challenges and critical risks, from increasing contract clarity through affirmative cyber coverage to advising clients on a constantly changing threat environment.
One such risk is ransomware, which has led to increasingly frequent and severe cyber extortion claims across the industry.
In order to evaluate each potential risk with greater insight in light of this trend, AIG introduced a ransomware risk assessment. The responses allow AIG to better ascertain a current or potential client’s specific cybersecurity controls that can help prevent and/or mitigate the severity and frequency of ransomware attacks. With our advanced analytics and leading claims experience, we often identify critical vulnerabilities and exposures for our clients and provide unique insights to help improve their ransomware risk management programs and enable well-informed cybersecurity investments.
AIG remains committed to these open lines of communication and collaboration with our distribution partners and clients to ensure a mutual understanding of current market dynamics and the risk management solutions available.