Helvetia and Coinnect Working Together on Cyber Risks

The latest cyber initiative from Helvetia;

Helvetia collaborates with Coinnect, thus adopting their advanced Cyber Insurtech platform to enhance cyber risk underwriting and support cyber risk mitigation for its clients. This partnership leverages cutting-edge AI and cyber intelligence to offer comprehensive risk assessment and continuous monitoring, leading to improved security and favorable insurance conditions for proactive clients.

Starting by the end of the year, Helvetia Switzerland will adopt Coinnect’s Cyber Insurtech platform to assess the cyber risk of its clients and prospects. Utilizing advanced cyber intelligence data and artificial intelligence, this platform will provide supplementary technical information
enhancing the underwriting process of Helvetia. At the same time, Helvetia can provide the results of this one-off vulnerability check to customers free of charge, therefore generate added value for their clients.

Better management of cyber risks

In addition to risk evaluation, Helvetia customers will have the opportunity to access Coinnect’s expert support for a more detailed cyber risk assessments and risk mitigation services, including continuous monitoring, which helps to significantly improve their security posture. This proactive approach will enable clients to better manage their cyber risks, creating a benefit for their overall operational resilience.

Recognizing the value of effective risk reduction, Helvetia will offer special insurance conditions to clients who subscribe to Coinnect extended services. These clients will benefit from reduced cyber risk and improved resilience, which in turn will allow them to receive more favorable insurance terms. This initiative underscores Helvetia’s commitment to rewarding proactive risk management.

“This partnership underlines Helvetia’s commitment to driving innovation in cyber insurance and helping our customers improve their resilience to these threats”, resumes Andrea Genini, Senior Underwriter and responsible project manager at Helvetia.