Generali has joined forces with Accenture and Vodafone Business to create a package of cyber insurance services for corporate and small and medium-sized enterprise (SME) clients.
The services include cyber risk assessments, phishing simulations and learning programs, designed to help Generali customers strengthen their ability to ensure a prompt restoration of normal operations after a cyber attack – and to mitigate consequences in their own organizations and third parties.
As global cyber-security provider, Accenture will offer Generali’s customers cyber risk assessments and provide timely responses to cyber incidents. It will also provide to Generali’s cyber insurance underwriters access to Accenture’s Security Academy platform, which offers learning programs, in multiple languages, on cyber threats and how to address them.
Vodafone Business will focus on the SME market, providing both post-breach Incident response services, as well as managing the contractual relationship with the insured. With a global reach and comprehensive cyber security portfolio of services, SMEs can benefit from initial incident categorization and response activities through to complex security investigation, getting support when they need it most.
In addition, Generali’s Europ Assistance will provide global coordination and serve as a contact point for both corporate and SME customers, offering 24/7 front line support to help clients identify cyber incidents and activate the right resolution services.
These solutions will be offered globally, starting in Europe at the beginning of 2022.
Generali said the new services are aligned to its “Generali 2021” strategic plan, which strengthens Generali’s ambition to be the “lifetime partner” to its customers while reinforcing its position within the corporate and SME segments and developing modular products and prevention services in the P/C business.
“Technology, consumer needs and cyber risks evolve rapidly, and the insurance industry must accelerate to embrace new digital opportunities and respond to increasing cyber-security needs,” commented Bruno Scaroni, Generali group chief transformation officer.
“As part of our ‘Generali 2021’ strategic plan, we have allocated over 1 billion euros to boost the group’s innovation and digital transformation in order to address these very needs. Building on the strategic collaboration with Accenture and Vodafone Business, Generali will be able to help its corporate and SME customers understand their risk profile and define the best cyber insurance solutions,” Scaroni added.
“Cyber risks and threats vary by industry and from one region to the next. Our approach is to bring together the right technology and talent to fit specific industries to help clients be more resilient,” said Paolo Dal Cin, Accenture Security lead for Europe.
“By leveraging our existing relationship with Accenture, we are able to offer small and medium-sized enterprises an unrivalled range of security services across the globe. Working together with Generali and embedding these services into their cyber insurance solutions portfolio offers customers the reassurance that they can respond to the rapidly evolving threat landscape,” said Andrzej Kawalec, head of Cybersecurity at Vodafone Business.
“Thanks to this collaboration with Accenture and Vodafone Business, our cyber insurance underwriters can further enhance their expertise and capabilities, while leveraging a broader customized offer, based on specific market and client needs,” said Manlio Lostuzzi, CEO Generali Global Corporate & Commercial.