Management Consulting
Aon
Full Credential Description
In the context of increasing cyber threats, small and medium-sized enterprises (SMEs) in Switzerland face significant risks, including financial losses, reputational damage, and operational disruptions due to cyberattacks. Recognizing that these threats can jeopardize the existence of SMEs, Aon developed the Aon Cyber Cosmos Facility, a tailored cyber insurance solution designed specifically for this market segment. The Aon Cyber Cosmos Facility provides comprehensive protection against critical cyber risks, including data loss, operational interruptions, and ransomware attacks. The solution offers SMEs immediate access to legal, technical, and communication support in the event of a cyber incident, available 24/7 throughout the year. To qualify for this insurance, businesses must meet specific criteria, such as conducting weekly offline backups of critical data and ensuring that all critical security patches are installed within two weeks of release. The facility not only offers effective insurance coverage at competitive prices but also includes risk assessment and analysis, insurance consulting, and incident response support. This approach ensures that SMEs can manage their cyber risks effectively and recover swiftly from incidents. Aons analysis of the Swiss insurance market has led to the provision of attractive premiums, significantly lower than those of other cyber insurance products, making it a viable option for SMEs with annual revenues up to CHF 250 million.