Captive.com logo

Captive Insurance News

Corporate Governance: Free Survey Report

Corporate Regulation and Governance in Captives

A FREE 24-page special survey report from Captive.com

Delve into captive insurance governance matters including board attributes, board structure, and board accountability. With 30 years of insurance experience from the auditing, regulatory, and management side, Derick White, managing director of corporate governance and regulation for Strategic Risk Solutions, offers key insights into captive board governance.

Show Me My Free Survey Report

"Decrypt" Offers a New Cyber Reinsurance Solution

Cyber Insurance-SF-2
September 05, 2019

Swiss Re and Capsicum Re have launched a new cyber reinsurance solution called Decrypt, which includes embedded, silent, and affirmative cyber risks.

Decrypt's modular approach is comprised of risk identification, quantification, and transfer, according to Swiss Re. It offers a lead line from Swiss Re of up to $50 million per client with the support of a growing pool of risk transfer capacity.

Anthony Cordonnier, head of cyber product management at Swiss Re, said, "Decrypt gives insurance companies a unique understanding of their portfolios' affirmative and silent exposures and offers protection against the aggregation of cyber losses across different lines of business."

Ian Newman, Capsicum Re's global head of cyber, said, "Decrypt begins with risk evaluation based on a detailed analysis of policy wordings and scenario mapping. The goal has been to align the Decrypt methodology between broker and underwriter in order to provide unparalleled insights into cyber exposures across enterprise-wide insurance portfolios while being able to offer bespoke reinsurance solutions."

Captive Insurance Company Reports
Follow Captive.com on Twitter

Twitter Feed