"Cyber COPE™ has been designed to be simple to use and to provide the right balance of objectivity and subjectivity for the underwriter," said Mr. Cohen. "More so, it provides a path forward for the cyber insurance industry to begin to break down the historic barriers common with information sharing. By sharing information and developing a common foundation in which to underwrite constantly evolving cyber risks, the industry will be better equipped to provide the proper coverage and solutions to protect organizations from cyber-related exposures."
The advisory can be downloaded at: https://www2.chubb.com/us-en/business-insurance/transforming-cyber-underwriting.aspx.
The material presented in this report is not intended to provide legal or other expert advice. It is presented as informational only. Readers should consult legal counsel or other technical experts, as applicable, with any specific questions they may have.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: chubb.com.
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