Canopius launches cyber property products to help manage silent cyber exposures

Canopius has created a new set of cyber property products for medium and large corporations to help them manage their silent cyber exposures.

The product suite will protect clients against risks related to their increased reliance on technology, 5G coverage and automation.

Regulatory intolerance for silent cyber and hardening property rates have created the cyber property coverage gap, explained Matt Northedge, global head of cyber at Canopius.

“These products endeavour to define this silence to help clients carve some of that back,” he said. “It also mitigates against a multitude of potential risks stemming from the increased reliance on technology and automation across organisations’ computer networks.”

Camilla Walker, cyber underwriter at Canopius, said: “The products available from Canopius deliver bespoke coverage to clients that provide clarity and tackle the complexities created by the removal of cyber coverage from their traditional property insurance policies. The range of products means Canopius can continue to address clients’ exposures as they evolve, whether that be due to a business change or the application of further, or different, cyber exclusions within other insurance products.”