29 September 2016EMEA analysis

Aon Risk’s new cyber platform has potential to provide enhanced protection for captives

Aon Risk Solutions’ (Aon Risk) new Aon Cyber Enterprise Solution is a potential platform for captive owners who are using or thinking of using their captive to manage cyber risks, according to Vic Pannuzzo, regional managing director of Aon Global Risk Consulting.

The cyber platform is a property/casualty and 'Internet of Things' insurance policy that offers comprehensive and integrated enterprise-wide coverage against cyber risk.

“The Aon Cyber Enterprise Solution has the potential to provide enhanced protection for the captive and access additional capacity,” Pannuzzo claimed.

According to Aon Risk organisations are increasingly dependent upon technology and information assets to increase efficiency and revenue. As a result, the risk characteristics of the organisation continue to evolve to include new risks, such as system failures, third-party attacks, internal mistakes and malfeasance.

“Technology-enabled business models are core to organisations in all industry segments. Aon is committed to delivering innovative solutions to help clients understand ever-changing risks like cyber in a coordinated manner so they can improve their defensive positioning and offensive response,” said John Bruno, chief information officer and executive vice president of enterprise innovation at Aon.