Cyber Insurance

Data breaches, malicious attacks, fraud, social engineering, human error and the failure of a service provider are critical cyber risks that can lead to material business interruption, significant costs and reputational damage. We can help you mitigate your cyber risks and recover from an event.

Helping you protect your business against evolving cyber risks

Increasing frequency of cyber events across the Middle East has raised awareness of the risk and potentially devastating affect an event has on a company. Evaluating and appreciating cyber risks requires experience, skill and a proactive approach to understand how threats emerge and how coverage should evolve to protect your organisation.

We design and arrange insurance backed solutions to complement a company's response plan which can provide 24/7 access to a dedicated breach response service to provide initial advice, consultancy, support and assistance, while providing financial security for the potentially significant cost, liability and loss of income that may arise from a cyber event, such as:

Response Costs

Legal & regulatory costs
IT security and forensic costs
Crisis communication costs
In the event of privacy breach: notification, credit monitoring and other management costs
In the event of extortion: ransom payments and related costs

Recovery Costs

Rectification fees, costs and expenses

Liability

Legal and professional expenses
Compensation, damages and other amounts the company becomes liable to pay
Regulatory fines and penalties, including data protection fines
PCI fines, penalties and assessments

Business Interruption

Loss of income
Increased cost of working

Local team providing global expertise

Gallagher's global cyber capabilities comprises over 100 professionals positioned across threat intelligence, consulting, risk transfer design, (re)insurance broking, incident response and claims management. This expertise is multidisciplinary and provides a single approach for clients seeking to better understand their cyber exposures and align this to transferring this risk into the insurance markets.

In region, Gallagher provides its retail service through ACE Gallagher, an entity first established 70 years ago with 16 retail offices across Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Oman, Lebanon and Greece.

We have aligned our broking and risk management capability to provide comprehensive risk transfer solutions with a collection of tools and services for clients who want to take a proactive and continuous approach to managing their cyber risk.