Management Consulting

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. Aon identified that these businesses are particularly vulnerable to cybercrime, which can jeopardize their survival. To address these niche issues, Aon developed the Aon Cyber Cosmos Facility, a tailored cyber insurance solution specifically designed for Swiss SMEs. The Aon Cyber Cosmos Facility offers comprehensive protection against various cyber threats, including data loss, operational disruptions, and ransomware attacks. It provides immediate access to legal, technical, and public relations assistance in emergencies, available 24/7. The facility is structured to meet the needs of SMEs with an annual turnover of up to CHF 250 million, ensuring effective protection at an affordable price. Key requirements for participation include regular data backups, timely application of security patches, and annual employee training on cybersecurity practices. As a result of implementing the Aon Cyber Cosmos Facility, clients benefit from significantly lower premiums compared to conventional cyber insurance products, while also gaining access to streamlined processes and full market transparency. Aon’s expertise in the cyber insurance landscape, backed by the experience of the risk carrier AIG Europe SA, ensures that SMEs receive dedicated support and effective claims handling. This tailored approach not only enhances the resilience of SMEs against cyber threats but also promotes business continuity and operational efficiency.