News Releases

INDONESIA, 5 September 2018 – PT Chubb General Insurance Indonesia (Chubb) announced today the launch of its Cyber Enterprise Risk Management (Cyber ERM) solution in Indonesia, offering sophisticated solutions against cyber threats for businesses ranging from multinationals to small and medium enterprises.

Beyond a simple policy, Chubb’s Cyber ERM is structured to offer an end-to-end loss control and risk management solution to clients: from helping them understand what leads to cyber incidents and how to prevent them prior to the policy inception; to providing a holistic and timely response to a cyber breach through the Cyber Incident Response Platform. These solutions are vital to contain threats, limit potential damage and manage a client’s reputation.

Chubb's Cyber ERM solution has the following benefits for clients:

• Dedicated 24/7 incident response teams to assist clients in a crisis resulting from a covered cyber incident.
• Simplified policy structure and language, bringing together in one wording the key elements of first party cover and third-party cyber liability cover, including: business interruption loss, data restoration, cyber extortion, liability arising from privacy and security incidents, as well as crisis response expenses.
• Access to a specialist network of cyber risk professionals from around the world, coupled with the personalized touch of local underwriters, to achieve a more effective customized coverage.

“In 2017, we have seen a number of high-profile cyberattacks, including the now infamous WannaCry ransomware attack. In this era of digital transformation, enterprises should be prepared and equipped when a cyber breach happens,” said Tai-Kuan Ly, President Director of Chubb.

He continued, “Chubb’s Cyber ERM is not just an insurance cover. It is a holistic solution that organizations - regardless of size, industry or location - can count on to manage and respond to reputational and financial risks posed by cyber threats. Chubb’s global network of cyber risk professionals and local underwriters will work closely with our clients to deliver tailor-made solutions to meet their specific needs.”

For more information about Chubb’s Cyber ERM, click here.

*Product highlights provided here are merely a general information of an insurance product that PT Chubb General Insurance Indonesia could cover. For the coverage that you have and exclusions towards your coverage please read and refer further to your insurance policy.

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About Chubb in Indonesia

With operations in 54 countries and territories, 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 (NYSE: 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.

Chubb in Indonesia has three insurance operations: general insurance, life insurance and sharia general insurance. Its general insurance operation (PT Chubb General Insurance Indonesia) provides a comprehensive range of general insurance solutions for large corporates, small and medium-sized businesses, as well as individuals. With a network of 25 locations, the company offers its products and services through a multitude of distribution channels, including banks, multi-finance companies, brokers and agents.

More information can be found at www.chubb.com/id