Cyber Enterprise Risk Management (Cyber ERM)
Cyber Enterprise Risk Management (Cyber ERM) is a cyber insurance product underwritten by Chubb Insurance (Switzerland) Limited (Chubb Limited (Switzerland)), available in Switzerland. It is aimed at small and medium-sized businesses, mid-market companies and large enterprises. Coverage limits reach up to Bespoke.. The policy extends beyond standard cyber liability with Cyber crime / FTF. Policyholders get 5 bundled proactive services — Phishing simulation, Risk assessment, Incident response and Pre-breach advisory, 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.
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 Insurance (Switzerland) Limited targets small and medium-sized businesses, mid-market companies and large enterprises in Switzerland. Geographic scope: Switzerland / Liechtenstein..
+What proactive security services are included with Cyber Enterprise Risk Management (Cyber ERM)?
The policy bundles 5 proactive services: Phishing simulation, Risk assessment, Incident response, Pre-breach advisory and Cyber risk engineering. These preventive services are typically included in the premium.
+Does Cyber Enterprise Risk Management (Cyber ERM) help with NIS2 or DORA compliance?
Chubb Insurance (Switzerland) Limited indicates the following NIS2/DORA support for this product: nDSG/BACS compliance advisory available; not subject to EU NIS2/DORA..
+How can I buy Cyber Enterprise Risk Management (Cyber ERM) in Switzerland?
You can approach Chubb Insurance (Switzerland) Limited directly (https://www.chubb.com/ch-de/kontakt.html) or via the provider's website. Compare it with alternatives in Switzerland on Ryskly first.