Travelers Offers New Cyber Risk Services
The Travelers Companies, Inc. has launched a new suite of cybersecurity tools. These are now included in all its cyber liability policies. The package, called Travelers Cyber Risk Services, aims to help businesses prevent, detect, and recover from cyberattacks.
Key Features for Cyber Liability Policies
Key features include a Cyber Risk Dashboard, providing 24/7 monitoring, risk tracking, and customized alerts. Clients also get access to a network of approved cybersecurity vendors.
Travelers provides personalized onboarding, offering one-on-one consultations with cyber experts. Policyholders receive detailed reports and actionable recommendations.
An expert guidance team is also available. They help businesses improve cybersecurity and lower risk.
“Cybersecurity Investments”
“The guidance and expertise passed on through these services can help businesses minimize risk and maximize the effectiveness of their cybersecurity investments, ” said Jeff Klenk, President of Bond & Specialty Insurance at Travelers.
Recent Acquisitions and Strategy
The new offering follows Travelers’ acquisition of Corvus, a cyber insurance underwriter. Corvus brings advanced technology and analytics to Travelers’ portfolio. The goal is to strengthen defenses and reduce recovery costs for clients.
Industry Cyber Risk Concerns
Travelers’ recent Risk Index showed that cyber threats and cyberattacks are a top concern for businesses. This new service suite and cybersecurity tools is intended to help companies focus more on growth and less on digital threats.
Lauren Winchester, Head of Cyber Risk Services at Travelers, said, “Being able to prepare for an unexpected cyber event can help customers maintain uninterrupted business operations and avoid spending millions of dollars in recovery.”
Other News: Travelers To Aquire Cyber Insurer Corvus(Opens in a new browser tab)
