Canopius Group, a leading global specialty and P&C (re)insurer, today announced the launch of its new cyber war product, offering businesses dedicated protection against the escalating threat of cyber war.
Cyber war has become a tangible and immediate business risk—capable of shutting down operations, compromising critical systems, and undermining financial resilience. As global tensions increasingly unfold through digital channels, businesses are finding themselves exposed to threats that were once reserved for governments and defence agencies.
The new cover offers protection for state-sponsored attacks carried out as part of a physical conflict, as well as state-sponsored attacks that significantly impact a country’s operations regardless of whether a physical war has been declared.
This is a meaningful step forward in helping organisations build resilience against the realities of the current threat environment. Coverage is currently available on a limited basis and can be purchased alongside a traditional cyber policy where Canopius is the lead primary insurer.
Camilla Walker, Head of Cyber and Technology UK, at Canopius, said:
“Recent events have demonstrated how quickly regional conflict can escalate into widespread cyber disruption, with state aligned groups targeting commercial enterprises far removed from the physical front lines. We developed this product to provide clients with the option to extend their policies to include state-sponsored attacks that form part of a cyber or physical war. It reflects our commitment to staying ahead of emerging risks, however complex or unprecedented they may be.”
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