CCW Global Limited, a leading bespoke insurance brokerage headquartered in Hong Kong, has today announced an expansion of the company’s business insurance product line to include comprehensive Cyber Risk coverage.
CEO Michael Lamb spoke on the announcement stating “CCW Global is a digitally-focused insurance brokerage and operates under the principal of simplifying insurance through the use of technology. However, in the modern world technology use is increasingly carrying greater risk for businesses – whether from privacy concerns or the threat of malicious hackers, no secure network can ever be guaranteed airtight… Understanding the challenges we have faced in relation to digital and cyber risks we felt that it was important to offer greater and more comprehensive risk management resources to Hong Kong’s start-up and business communities to ensure long-term security of digital assets.”
As such, CCW Global is now offering bespoke Cyber Risk insurance products to companies in Hong Kong and throughout the Asia-Pacific region which will provide protection to businesses against losses they may experience which have resulted from cyber incidents including malware uploads, hacking attempts, network penetration events, DDOS attacks and a range of developing risks.
Mr. Lamb went on to elaborate “Hong Kong is on the doorstep of the world’s largest internet market, and internet penetration within Hong Kong allows the digital economy to thrive on cross-border business. However, the opportunities also carry a large degree of risk – especially as the Chinese internet market continues to expand. We are aiming to offer solutions which will enable companies across the greater China Region to survive and prosper in the wake of Cyber incursions on their networks; even if the individual incident would otherwise have been previously catastrophic without such protection.”
From Business Interruption expenses, E-Vandalism Losses, and E-Threat Losses, through to expenses associated with Privacy Regulation Notifications, Crisis Management, and Posted Rewards, CCW Global’s suite of Cyber Risk Insurance products have been tailored to meet the requirements of expanding international businesses who have placed a priority on IT solutions.
CCW Global is a leading international insurance brokerage specializing in personal and commercial products in Hong Kong and throughout the APAC region. Offering comprehensive corporate insurance solutions, CCW is able to assist companies with their risk management portfolios and offers free worldwide benchmarking and analysis for existing coverage.