Cyber Risk Insurance
Cyber Risk Insurance is a cyber insurance product underwritten by Allianz Global Risks US Insurance Company (Allianz SE (Germany)), available in USA. It is aimed at large enterprises. 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. 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); present in 200+ countries and territories.
- CCPA/CPRA, HIPAA, SEC cyber disclosure rule alignment; state-level breach notification support across all 50 states.
Limitations
- Large enterprise and specialty risks primary focus.
- CCPA, HIPAA and SEC reporting requirements apply.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber Risk Insurance designed for?
Cyber Risk Insurance by Allianz Global Risks US Insurance Company targets large enterprises in USA. Geographic scope: Global..
+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 Global Risks US Insurance Company indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Cyber Risk Insurance in USA?
You can approach Allianz Global Risks US Insurance Company directly (https://commercial.allianz.com/global-offices/united-states-of-america.html) or via the provider's website. Compare it with alternatives in USA on Ryskly first.