SID Re considers cyber reinsurance for selected insurers, portfolios and individual risks where adequate information, risk controls and accumulation management are available.
Potential Coverage Areas
- Data breach response
- Privacy liability
- Network security liability
- Cyber extortion
- Ransomware-related costs
- Digital asset restoration
- IT forensic expenses
- Incident-response costs
- Notification and monitoring expenses
- Regulatory investigation and defence costs
- Multimedia liability
- Network business interruption
- Dependent business interruption
- Technology errors and omissions
- Cybercrime, where specifically agreed
- Cyber-triggered property damage, where specifically structured
- System failure and service interruption, where agreed
Portfolio Support
SID Re may also consider supporting cedants with:
- Cyber portfolio analysis
- Accumulation review
- Scenario development
- Wording assessment
- Exposure-data requirements
- Risk-selection frameworks
- Product-development support
- Proportional and excess-of-loss structures
- Aggregate portfolio protection
Cyber capacity is deployed cautiously due to evolving threats, correlated events, infrastructure dependency and the potential for systemic accumulation.