Business insurance

Generali joins forces to launch cyber insurance services


As a global cybersecurity provider, Accenture will provide Generali customers with cyber risk assessments and provide rapid responses to cyber incidents. It will also give Generali’s cyber insurance underwriters access to its Security Academy platform, which offers learning programs, in multiple languages, on cyber threats and how to deal with them.

Vodafone Business will focus on the SME market, providing incident response services after a breach and managing the contractual relationship with the insured.

Europ Assistance will provide global coordination and serve as a point of contact for corporate and SME clients, Generali said.

The services will be offered worldwide, starting in Europe early next year, and allowing for customization to suit the local market and customer preferences.

“Technology, consumer needs and cyber risks are evolving rapidly, and the insurance industry must step up to seize new digital opportunities and meet growing cybersecurity needs,” said Bruno Scaroni, Chief Executive Officer. transformation of the Generali group. “As part of our ‘Generali 2021’ strategic plan, we have allocated more than one billion euros to stimulate innovation and the digital transformation of the group in order to meet these same needs. Building on the strategic collaboration with Accenture and Vodafone Business, Generali will be able to help its corporate and SME clients understand their risk profile and define the best cyber insurance solutions.

“Cyber ​​threats and risks vary by industry and region to region,” said Paolo Dal Cin, Accenture’s security manager for Europe. “Our approach is to bring together the right technology and the right talent to adapt to specific industries to help customers be more resilient. This collaboration with Generali and Vodafone Business demonstrates our ability to develop global solutions that truly meet local needs.

“We are delighted to enter into this partnership with Generali and Accenture,” said Andrzej Kawalec, Head of Cybersecurity at Vodafone Business. “By leveraging our existing relationship with Accenture, we are able to offer small and medium-sized businesses an unmatched range of security services around the world. Working with Generali and integrating these services into their portfolio of cyber insurance solutions gives clients the confidence that they can respond to the rapidly changing threat landscape.

Meanwhile, Manlio Lostuzzi, CEO of Generali Global Corporate & Commercial, stressed the need to be at the forefront of emerging risks.

“Today’s announcement further confirms our commitment to cyber resilience, an increasingly important and tactical space for individuals, businesses and organizations,” he said. “The GC&C cyberinsurance function represents a strategic competence center within the Generali Group, with the aim, among other things, of improving customer awareness of cybersecurity and internal governance. Thanks to this collaboration with Accenture and Vodafone Business, our cyber insurance underwriters can further enhance their expertise and capabilities, while taking advantage of a broader and personalized offering based on specific market and customer needs.