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Cyber Insurance

With decades of experience in cyber insurance, AIG’s cover and monitoring products help protect a business’s data and reputation.

Why Choose AIG for Cyber Insurance?

AIG has been a pioneer in cyber insurance since 1999 when we introduced one of the industry's first cyber security insurance programs. Our aim is to assist clients in navigating this rapidly expanding area of risk.

Since data is now one of the most valuable yet vulnerable assets an organisation can possess, we can help our clients understand the nuances of cyber threats, how those threats might evolve, and how to mitigate their risk of a security breach. With AIG CyberEdge®, coverage is tiered based on the client's needs.

The AIG Advantage

AIG CyberEdge® Solutions

With businesses becoming more reliant on the use of data – and regulations around the handling of sensitive data continually evolving – the right kind of cyber insurance is vital. The AIG CyberEdge® end-to-end risk solution helps clients stay ahead of the curve with robust coverage and preventative insights.

A CyberEdge policy provides access to a cyber-incident response team comprised of industry specialists and covers the PR costs of reducing the damage it could cause to your reputation. It also includes forensic services following a data breach, assistance to repair company and individual reputations, breach response advisors, and associated notification costs.

Covers the financial consequences of lost or misappropriated customer or employee data.

Covers the potentially significant costs and expenses of a data protection regulator’s investigation and fines following data security breaches.

Covers the cost of restoring, recollecting or recreating data after a leak or breach.

Covers the damages and defence costs incurred in connection with a breach of a third party's intellectual property rights, or negligence in connection with electronic content.

Covers any ransom payments to third parties required to end an extortion threat.

Covers the loss of net profit due to an interruption to the customer’s network following a cyber breach.

Covers losses and mitigation costs arising from an OSP failure. 

The following industries are currently being targeted. However, other industries and occupations can still be considered upon further discussion.

 

Preferred Industries & Occupations

  • Food & Beverage
  • Hospitality, Leisure & Entertainment
  • Interior Designers
  • Management Consultants
  • Media Companies
  • Miscellaneous Consultants
  • Multimedia Consultants
  • Real Estate
  • Recruitment Consultants
  • Quantity Surveyors

 

Non-preferred Risks

  • Airports/Airlines
  • Law Firms/Solicitors
  • Logistics/Transportation
  • Managed Service Providers (MSP)
  • Manufacturers
  • Payments Processing

Explore our Video Library

Videos on this site provide general information only. Coverage depends on individual policy terms and the actual facts of each case. For details, refer to the product wordings. For advice on your insurance needs, consult a professional adviser.

Cyber Insurance Introduction

Watch the video to learn more about AIG Cyber Insurance.

Cyber Security Breaches

Watch the video to know more about Cyber Security breaches.

 CyberEdge - Electronic Data Incident.

Watch the video to know more about CyberEdge - Electronic Data Incident.

CyberEdge - Telephone Hacking

Watch the video to know more about CyberEdge Telephone Hacking

CyberEdge - Network Interruption

Watch the video to learn more about CyberEdge - Network Interruption

CyberEdge - Network System Failure

Watch the video to learn more about AIG CyberEdge - Network System Failure

 CyberEdge - Network OSP

Watch the video to learn more about AIG CyberEdge - Network OSP

 CyberEdge - Cyber Extortion

Watch the video to learn more about AIG CyberEdge - Cyber Extortion

Meet Your AIG Team

View contact information for AIG Australia teams in your state.