Cyber Protect Versicherung
Cyber Protect Versicherung is a cyber insurance product underwritten by Wiener Städtische Versicherung AG (VIG) (Vienna Insurance Group (Austria)), available in Austria. It is aimed at small and medium-sized businesses, mid-market companies and large enterprises. Coverage limits reach up to Bespoke.. The carrier holds an AM Best rating of A (Excellent) – AM Best. The product signals support for NIS2/DORA regulatory requirements. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- Cyber Protect Versicherung: modular structure covering first-party (own damage) and third-party (liability) components.
- Simplified underwriting via Cyber Trust Austria label: companies with the Cyber Trust Austria® certification qualify for streamlined acceptance conditions.
- Coverage: IT system damage and recovery, BI loss, data breach RC, extortion, GDPR notification, legal costs, PR crisis.
- Wiener Städtische: largest single insurance company within VIG; 130 service locations across Austria; 9 regional directorates; ~4,000 employees.
- VIG group: Austria's #1 insurance group (23% Austrian market share; €15.2B GWP 2024).
Limitations
- Austria domestic product primarily.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber Protect Versicherung designed for?
Cyber Protect Versicherung by Wiener Städtische Versicherung AG (VIG) targets small and medium-sized businesses, mid-market companies and large enterprises in Austria. Geographic scope: Domestic only..
+Does Cyber Protect Versicherung help with NIS2 or DORA compliance?
Wiener Städtische Versicherung AG (VIG) indicates the following NIS2/DORA support for this product: NIS2 and DORA compliance advisory included..
+How can I buy Cyber Protect Versicherung in Austria?
Cyber Protect Versicherung is sold through insurance brokers — broker contact: https://www.wienerstaedtische.at/unternehmen/. Compare it with alternatives in Austria on Ryskly before approaching a broker.