Cyber Insurance

Allianz Global Corporate & Specialty (AGCS) has a long 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 third-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. These help companies to 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.

The Allianz Cyber Center of Competence is embedded into AGCS and focuses on Group-wide coordination and alignment of cyber exposures and underwriting in the corporate and commercial insurance segment. 

Product description
Allianz Cyber Protect* provides flexible, simple and broad cover to ensure a company is fully protected in the event of data breach or a cyber-security incident. It emcompasses coverage for the costs typically associated with a cyber-incident and provides access to AGCS expert partners.
A broad cyber insurance plan, Allianz Cyber Protect, gives you clear policy wording covering a broad range of risks.
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. 
* Product name may differ regionally.
Risks covered
  • 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

AGCS and Munich Re have jointly developed a commercial cyber insurance solution for Google Cloud customers.

This collaboration provides state-of the-art insurance exclusively designed for customers of Google Cloud enrolled in Google’s new “Risk Protection Program.” The Risk Protection Program consists of two components: Risk Manager, a new tool that helps determine a customer's security risk posture on the cloud, and Cloud Protection + - a new cyber insurance solution built exclusively for Google Cloud customers.

Our Cyber Insurance provides coverage across all industries, with a particular focus on:
  • Per account risk quality
  • Preference for excess positions
AGCS will consider every risk on its own merit. Capacity and coverage offered to individual clients subject to hazard, Nat Cat exposure, grading, terms & conditions.
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.
Financial strength backed by
strong ratings
Network to service clients in 200+
countries and territories
Manager of 2,800+ global programs for international insurances
A tradition of excellence, 100+ years of technical expertise
Wide range of dedicated risk consulting services by our engineers
We field one of the strongest claims teams of any global insurer
92m customers globally – we insure over three quarters of the Fortune 500®
4,000+ employees in over 30 countries and 50 offices worldwide
Part of the Allianz Group, a leading financial services provider
ESG integrated into our underwriting via industry-leading rules and tools
Allianz Group is a founding member of UN Net-Zero Insurance Alliance
Rehan Hussain, Head of Cyber London & Nordics, highlights risks businesses face as they become ever more reliant on data. He talks about the growing cost of incidents and the long lasting impact it could have on their future. Rehan goes on to explain the Coronavirus impact, with hackers potentially taking advantage of weaker corporate systems due to the number of employees working remotely.
  Ranking history globally:
  • 2021: 3 (40%)
  • 2020: 1 (39%)
  • 2019: 2 (37%)
  • 2018: 2 (40%)
  • 2017: 3 (30%)
  Top risk in:
  • Australia
  • Austria
  • Belgium
  • Brazil
  • Denmark
  • India
  • Italy
  • Japan
  • Netherlands
  • Nigeria
  • Portugal
  • South Africa
  • Sweden
  • Switzerland
  • UK
Our mobile app is a useful resource center for all our clients and brokers in North America. It features company information, product sheets and risk appetites for every line of business and service, and contact information for underwriters and other key members of the organization.
The Allianz Group offers a wide range of products, services, and solutions in insurance and asset management and operates as an international insurer on almost every continent.
With our worldwide network, Allianz Global Corporate & Specialty (AGCS) is one of the very few global insurers with an exclusive focus on the needs of global corporate and specialty clients.