Submitted by

Grupo Ageas Portugal

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12/04/2024 Insurance Innovation
The Cyber Risks insurance is a product aimed at micro and small companies, who use computer equipment and are connected to the Internet and who, not only seek protection against possible cyber-attacks, but also a specialized help in its prevention.
Innovation details
Country
Portugal
Category
Product & Service Innovation
Keyword
Business insurance, Prevention, Insurance, Cybersecurity & Authentication, Risk management
Business Line
Liability Insurance
Distribution Channel
Agents

Innovation presentation

Nowadays, with the growth of digital transformation, everyone is increasingly exposed to cyber risks, and companies are no different.

Cyber Risks have been growing not only in volume but also in complexity. As a result, companies increasingly invest in security against cyber threats in order do avoid compromising their activity.

In an increasingly digital age, this type of risk translates into an opportunity for the development of cyber insurance that offers protection to companies against cyber attacks. The insurance sector is taking steps to approach what it’s going to be, according to many sources, one of the fastest growing segments in the coming years.

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