Cyber Insurance

Comprehensive cover against digital threats

Allianz Global Corporate & Specialty (AGCS) has more than a decade of experience in cyber insurance, protecting organizations against cyber crime and digital threats. That's why we are able to offer you a range of cyber insurance products ranging from specialist, standalone cyber insurance to dedicated cyber risk coverage in traditional property and casualty policies.

The types of risks we cover include first-party losses (e.g. business interruption, restoration, and crisis communications) and thirty-party losses, (e.g. data breaches, network interruption, and notification expenses). However, cyber insurance offers much than just compensation for potentially significant financial losses.

We offer our clients valuable prevention and incident response services through our global partner network that help company improve their cyber resilience and mitigate negative impacts after an incident. These services include 24/7 access to IT forensic experts or legal or crisis communications support. 

A broad cyber insurance plan, Allianz Cyber Protect*, gives you clear policy wording covering a broad range of risks.
* Product names may differ regionally.
  • data breach liability for personal and corporate data
  • data breach costs, including notification and IT forensic costs
  • network security liability for hacked or compromised systems, including denial of service attacks
  • media liability for digital publications
  • business interruption caused by a cyber incident
  • restoration costs for data and programs resulting from a cyber interruption
  • IT forensic support for crisis communication to mitigate reputational damage
  • crisis communication to mitigate reputational damage
The Allianz Cyber Product Suite gives you a high level of cover, subject to a risk review by our risk consultants and cyber underwriters. We work closely with you to carry out a full assessment of your business systems and requirements and to build your bespoke policy. We also partner with Cyence utilizing their predictive modeling platform to better understand the fast-changing nature of cyber risks. 
The products and services described on this page may not be available in all AGCS locations. Please contact your local office for full information on local product availability.
Companies increasingly face new exposures including first-and third-party damage, business interruption (BI) and regulatory consequences. 

While cyber risks continue to threaten businesses, senior managers find themselves in the line of fire. AGCS discusses how they can protect themselves.

MySmartGate offers a broad range of Financial Lines underwriting solutions and state-of-the-art technology to preferred distribution partners in order to grow profitably in the SME and MidCorp segment, worldwide.

Annual survey identifying business risks

Technology is breeding new threats as well as business models. Traditional risks such as natural catastrophes continue to challenge while other threats such as cyber, neck-and-neck with business interruption at the top of the Allianz Risk Barometer 2019 for the first time, reputational risk, increasing exposure to intangible assets and volatility and consolidation in the corporate environment evolve daily.

  1. 5-year risk ranking of cyber incidents
  • 2019: rank  2 (37%)
  • 2018: rank 2 (49%)
  • 2017: rank 3 (30%)
  • 2016: rank 3 (28%)
  • 2015: rank 5 (17%)
Allianz operates as an international insurer on almost every continent. Find Allianz in your own country/region.
With the Allianz network AGCS provides services in over 200 countries and territories.