Cyber Risk Insurance
Cyber Risk Insurance is a cyber insurance product underwritten by Allianz Commercial (AGCS SE) – UK Branch (Allianz SE (Germany)), available in UK. It is aimed at mid-market companies, large enterprises and multinational groups. Coverage limits reach up to Bespoke.. Policyholders get 5 bundled proactive services — Vulnerability scanning, Training & awareness, Risk assessment and Incident response, among others — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of A+ (Superior) – AM Best. The product signals support for NIS2/DORA regulatory requirements. It can be approached directly through the provider.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- Allianz Cyber Protect (product brand: Allianz Cyber): flexible, modular standalone cyber policy; clear policy wording covering a broad range of first-party and third-party risks.
- First-party: data breach response, BI loss, data recovery, cyber extortion/ransomware, crisis management costs, reputation management.
- Third-party: cyber liability, privacy regulatory defence and fines (GDPR up to €20M or 2% global turnover).
- Allianz Cyber Center of Competence (CoCC): Group-wide coordination of cyber underwriting and risk management.
- Risk review by dedicated cyber risk consultants and underwriters prior to policy inception.
- IT forensics and incident response via AGCS expert partner network.
- Supply chain / contingent BI coverage available: 15% of large cyber claims by value in H1 2025 were supply-chain events (up from 6% in 2024) — Allianz proactively addresses this.
- Allianz Commercial: €18B gross premium globally (2024); cyber claims frequency down 30% and severity down 50% in H1 2025 for large insureds.
Limitations
- Mid-market to large enterprise only; no SME product via AGCS/Allianz Commercial channel.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber Risk Insurance designed for?
Cyber Risk Insurance by Allianz Commercial (AGCS SE) – UK Branch targets mid-market companies, large enterprises and multinational groups in UK. Geographic scope: EU / EEA..
+What proactive security services are included with Cyber Risk Insurance?
The policy bundles 5 proactive services: Vulnerability scanning, Training & awareness, Risk assessment, Incident response and Crisis management. These preventive services are typically included in the premium.
+Does Cyber Risk Insurance help with NIS2 or DORA compliance?
Allianz Commercial (AGCS SE) – UK Branch indicates the following NIS2/DORA support for this product: UK Cyber Security and Resilience Bill advisory included..
+How can I buy Cyber Risk Insurance in UK?
You can approach Allianz Commercial (AGCS SE) – UK Branch directly (https://commercial.allianz.com/global-offices/uk.html) or via the provider's website. Compare it with alternatives in UK on Ryskly first.