The alliance’s model combines cybersecurity tools, continuous scanning of insureds’ digital infrastructure, and incident response services with traditional cyber policy coverage. Combined with Allianz’s multinational client base, broker relationships and local operations in multiple countries, the partners plan to offer a coordinated cyber insurance product to businesses across a variety of sectors. The agreement builds on the relationship established in 2022, when Allianz Over time, some Allianz Global Corporate and Specialty SE cyber specialists who work on larger corporate risks are expected to transfer to Allianz, subject to local labor law requirements. The transaction is subject to regulatory and other customary approvals in relevant jurisdictions.
Allianz transfers global commercial cyber portfolio to Alliance & more related News Here
