Last week, Aon announced the “first-of-its-kind” Cyber Enterprise Solution™, a property/casualty and Internet of Things (IoT) cyber insurance policy, offering “comprehensive and integrated enterprise-wide coverage against cyber risk,” according to a recent press release. The cyber landscape is constantly evolving, and cyber risk today now expands far beyond threats to personally identifiable information. Aon believes this policy will be more comprehensive, including risks such as system failures, property damage, cyber terrorism, IoT exposures, third-party attacks, internal mistakes and malfeasance, with a capacity of $400 million per policy.
“Technology-enabled business models are core to organizations in all industry segments,” explained John Bruno, chief information officer and executive VP of enterprise innovation at Aon. “Aon is committed to delivering innovative solutions to help clients understand ever-changing risks like cyber in a coordinated manner so they can improve their defensive positioning and offensive response.”