Cyber Enterprise Risk Management (Cyber ERM)
Cyber Enterprise Risk Management (Cyber ERM) is a cyber insurance product underwritten by Chubb European Group SE – Austria Branch (Chubb Limited (Switzerland)), available in Austria. It is aimed at small and medium-sized businesses, mid-market companies, large enterprises and multinational groups. Coverage limits reach up to Bespoke.. The policy extends beyond standard cyber liability with Cyber crime / FTF. Policyholders get 12 bundled proactive services — Vulnerability scanning, Penetration testing, Phishing simulation and Training & awareness, 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
- Cyber Enterprise Risk Management (Cyber ERM): comprehensive end-to-end solution covering data breach, ransomware/network extortion, BI, data recovery, cyber liability and privacy regulatory defence.
- MDR solution (Managed Detection & Response): next-gen AV and endpoint protection via CrowdStrike partnership at discounted policyholder rate.
- Vulnerability Management Outreach: Chubb Cyber Intelligence Team continuously monitors, scans and alerts policyholders to critical threats and vulnerabilities.
- Chubb Cyber Index®: real-time proprietary risk trend, industry and cost data tool available to policyholders.
- First-party coverage: BI loss, data restoration, cyber extortion reimbursement.
- Third-party liability: privacy regulatory defence, media wrongful act, network security liability.
- Simplified policy language; highly customisable to size and industry.
- NetSPI partnership (Dec 2023): policyholders access penetration testing, attack surface management and breach and attack simulation at discounted rates.
- In-house claims specialists; on average handles more than two cyber incidents per day.
Limitations
- Mid-market to large enterprise primary focus; smaller risks via referral.
- No appetite: Adult entertainment, aviation, data aggregators, Online Exchanges/ Trade platforms, Social networking/Applications.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber Enterprise Risk Management (Cyber ERM) designed for?
Cyber Enterprise Risk Management (Cyber ERM) by Chubb European Group SE – Austria Branch targets small and medium-sized businesses, mid-market companies, large enterprises and multinational groups in Austria. Geographic scope: EU / EEA..
+What proactive security services are included with Cyber Enterprise Risk Management (Cyber ERM)?
The policy bundles 12 proactive services: Vulnerability scanning, Penetration testing, Phishing simulation, Training & awareness, MDR / EDR, Risk assessment, Incident response, Pre-breach advisory, Crisis management, Cyber risk engineering, Crisis simulation and 3rd party risk assessment. These preventive services are typically included in the premium.
+Does Cyber Enterprise Risk Management (Cyber ERM) help with NIS2 or DORA compliance?
Chubb European Group SE – Austria Branch indicates the following NIS2/DORA support for this product: NIS2 and DORA compliance advisory included..
+How can I buy Cyber Enterprise Risk Management (Cyber ERM) in Austria?
You can approach Chubb European Group SE – Austria Branch directly (https://www.chubb.com/at-de/kontakt.html) or via the provider's website. Compare it with alternatives in Austria on Ryskly first.