Cyber insurance

Gain comprehensive cyber insurance protection for organisations of all sizes, along with the critical first-response support needed to investigate, control, mitigate and remove cyber security threats.

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The digital reality of cyber threats and losses in Asia

Cyber threats have rapidly evolved into one of the leading causes of financial loss for businesses across Asia1. As digital transformation accelerates, organisations are increasingly exposed to sophisticated and costly cyberattacks.

Rising Threats: Ransomware and Beyond

Ransomware attacks have surged across the region, targeting critical sectors such as healthcare, public services, and infrastructure. These attacks not only inflict direct financial damage but also disrupt essential services and erode public trust2. The cost of operational downtime and reputational harm often rivals or exceeds the ransom demands themselves.

Meanwhile, the cybersecurity landscape is being transformed by artificial intelligence (AI) and automation. These technologies significantly enhance threat detection and incident response, reducing breach costs by an average of USD $1.76 million and shortening the data breach lifecycle by 108 days3. However, cybercriminals are also exploiting AI to execute more sophisticated attacks, including AI-generated deepfakes and automated phishing campaigns4.

The significance of cyber insurance

Given the escalating financial impact of cyber threats in Asia, more companies are recognising the importance of adopting cyber insurance as a critical component of their cyber resilience strategy.  With cyber attacks such as ransomware attacks causing substantial financial and operational disruptions, businesses are increasingly vulnerable to significant losses.

Cyber insurance not only helps mitigate the financial fallout from breaches but also supports organisations with crisis management capabilities. In recent years, cyber insurance products have evolved to include advanced cybersecurity mitigation features. By investing in cyber insurance, companies can better safeguard their assets and ensure continuity in the face of evolving cyber threats.

Safeguard your business against digital threats

Transfer your cyber risk before it's too late

Step 1: Your company

2. What is your annual revenue in USD?
3. Desired insurance level (in USD)

Step 2: Your contact details

Cyber risk protection

Why cyber insurance?

No matter how robust your IT security protocols are, they cannot prevent human error, and all it takes is for one person to make one mistake.

With businesses increasingly relying on technology to drive core objectives, the risk of losing money and data, or technology being denied or failing due to accidental or malicious interference has never been greater. Business leaders without a well-thought-out strategy around cyber protection are effectively gambling with all their funds to develop their business. Or depending on your cash reserves, your very survival.

It's your "emergency service" support

Your building’s on fire, you call the fire brigade. Your office contents are stolen, you call the police. Who do you call when you suspect or suffer a breach, or your computer systems have been disabled and access to your network denied, or you’ve fallen victim to a social engineering scam and leaked sensitive data?

The financial impact following a cyber incident can be severely detrimental to businesses without the in-house resource, expertise or budget to effectively mitigate cyber risks. With cyber insurance, you can get 24/7 instant access to highly experienced experts to nullify the threat as quickly as possible and help mitigate consequences:

Cyber forensic experts

who are trained and experienced in analysing how serious an incident is, what data has been compromised, negotiating ransom demands, and restoring data when back-ups fail

Specialist lawyers

with legal advice surrounding potential compensation claims made against you and fines incurred, notification obligations, assistance in compiling regulator reports, all within the deadline imposed by law

Public relations professionals 

providing crisis communication and PR assistance in deciding what messages to give employees and customers to avoid long-term damage to brand reputation and loss of customers to competitors

Why choose Howden for Cyber insurance?

Cyber insurance with Howden means we are right by your side, before, during and after a cyber attack or incident.

We support you in your cyber journey by ensuring that you have the knowledge and tools to achieve business resilience, leveraging our strong insurer partnerships to negotiate the most appropriate deals on your behalf. We make sure that you know how your insurance policy can respond to a cyber incident, and have a strong, experienced claims handling team to support you during the claims process, should an incident occur.

Award-winning

2020 Cyber Risk Awards winner

Genuine cyber experts

100 dedicated cyber risk experts around the world

Experienced claims team

Skilled legal, technical and claims experts

Cyber troubleshooting is our speciality. With Howden, you don't just get coverage for your cyber risks.

We help you deal with the insurers.

Dealing with an insurer can get a little confrontational; much better communicate through a friendly, professional broker who brings them millions of dollars of business each year. The mutual respect between insurers and a global brokerage means we can move quickly towards a fair resolution, always acting in your interests.  

We manage your risks.  

We help you properly onboard to your cyber policy to ensure you maximise its use, and also quantify your cyber risks and alert you of changes over time. The digital and cyber landscape is ever-changing, we share the latest news and trends with you via our newsletters so you are always in the know of how your cyber cover can be impacted.

We review your policy wording.

Subtle differences in wording can create gaps you didn’t even know were there. Identifying gaps early can save a lot of headaches later.  We are always testing out policy wordings with real scenarios to make sure they are fully up to date and responsive to the latest challenges.