Home Insurance Britam insurance launches cyber risk cover

Britam insurance launches cyber risk cover

by Oloo Winnie

Britam General Insurance has introduced a Cyber Insurance cover to curb growing crisis management for organization.

The product is first in the Kenyan market and will assist businesses to protect themselves against the increasing trend of cyber-crime.

The policy covers loss or damage to electronic data, reputation costs caused by cyber-attack incidents; protection against data breach or malicious cyber-attacks that affect computer systems; as well as data losses caused by damage, theft, disruption or corruption of electronic data.

At the launch of the product Britam Holdings Plc Group Managing Director, Dr. Benson Wairegi the product will be beneficial for many organizations in the region.

“Cybercrime will continue to become more advanced not just in the financial sector, but also in many industries across the region. It, therefore, behoves all corporate to strengthen their core security hygiene, adopt modern platforms and comprehensive identity, security and management solutions to ensure customers details including medical records, credit card information, bank account details and other records are protected at all costs, ”he says.

Britam has partnered with Chubb, a global leader in ensuring cybersecurity risks for the last 18 years and is present in 54 countries. Chubb’s policies provide worldwide coverage in response to the ever-changing cybersecurity environment through the delivery of consistent and high-quality services around the world

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