Marine insurance provider The Swedish Club will begin offering members maritime cyber insurance in 2024. The offering marks another addition to sector-specific cyber underwriting.
“When port states and coast guards around the world start asking about cyber risk mitigation and resilience – and they already are – our member shipowners can show them a Cyber Insurance policy from The Swedish Club, with specialist cover for maritime cyber-emergency response, physical damage and wreck removal resulting from a cyber attack. We think that is worth a lot for our members and it’s why we want to protect them,” said Thomas Nordberg, Managing Director of The Swedish Club in this release.
The policies are designed to support cyber risk standards issued by the International Maritime Organization (IMO).
The new insurance program offers a range of coverage, starting with “cyber-emergency response, physical damage, and resulting loss of hire.”
Editor note: Apart from its insurance products, The Swedish Club boasts one of the most interesting logos in the industry.
