The commercial primary insurance arm of Swiss Re has added a cyber product for the UK market.
The CyberSolutions UK product from Swiss Re Corporate Solutions is aimed at transferring risk for midsize to large corporations against data breaches from sophisticated cyber-attacks.
The tailored product includes risk mitigation and remediation services in partnership with technology firm IBM, Swiss Re noted.
The IBM contribution includes cyber security training and optional annual IT security testing, the re/insurer said.
“As British companies become more aware of cyber threats, they want more advanced insurance offerings,” said Marc Davis, Swiss Re Corporate Solutions' head for the UK, Ireland, the Middle East and North Africa.
The release follows a similar announcement reported by Reactions in February aimed at the French cyber insurance market.
Details about the IBM partnership with Swiss Re Corporate Solutions were announced in April, Reactions also reported.