CyberEdge – South Africa
CyberEdge – South Africa is a cyber insurance product underwritten by AIG South Africa (AIG Insurance Company of South Africa Limited) (American International Group, Inc. (USA)), available in South Africa. It is aimed at mid-market companies, large enterprises and multinational groups. Coverage limits reach up to Bespoke.. Policyholders get 6 bundled proactive services — Vulnerability scanning, Phishing simulation, Training & awareness and Threat intelligence, among others — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of A (Excellent) – AM Best. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- CyberEdge: AIG's flagship standalone cyber product; comprehensive first- and third-party coverage for data breach, ransomware/extortion, BI, data recovery, network security liability, media liability, privacy regulatory defence and fines.
- Cyber Resiliency Program: complimentary proactive services for eligible policyholders (min. €5,000 annual premium); includes vulnerability scanning, dark web/domain monitoring, employee cybersecurity eLearning and phishing simulation (30+ languages), ransomware risk assessment.
- Mid-term vulnerability alerts: AIG proactively notifies policyholders of identified malware, unpatched vulnerabilities or misconfigurations during the policy period.
- 20+ years of cyber claims experience; claims team 90%+ former lawyers with 20+ years' average experience.
- Policies issuable in 60+ countries via AIG's global network.
Limitations
- Cyber crime (social engineering, FTF), system failure, dependent BI, bricking, voluntary shutdown, and reputational loss are optional endorsements — not included by default.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is CyberEdge – South Africa designed for?
CyberEdge – South Africa by AIG South Africa (AIG Insurance Company of South Africa Limited) targets mid-market companies, large enterprises and multinational groups in South Africa. Geographic scope: Latin America..
+What proactive security services are included with CyberEdge – South Africa?
The policy bundles 6 proactive services: Vulnerability scanning, Phishing simulation, Training & awareness, Threat intelligence, Risk assessment and Pre-breach advisory. These preventive services are typically included in the premium.
+Does CyberEdge – South Africa help with NIS2 or DORA compliance?
AIG South Africa (AIG Insurance Company of South Africa Limited) indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy CyberEdge – South Africa in South Africa?
CyberEdge – South Africa is sold through insurance brokers — broker contact: https://www.aig.co.za/. Compare it with alternatives in South Africa on Ryskly before approaching a broker.