Cyber Insurance
Mapping cyber risks. Developing insurance solutions. Successfully serving markets.
Dynamic market environment
The evolving nature of digital risks presents insurers and brokers with ever-increasing challenges. Cyberattacks, system failures, and regulatory requirements call for robust insurance solutions, sound risk assessment, and professional claims handling processes.
exxis develops comprehensive cyber insurance solutions
– from the initial product concept through premium calculation by our in-house actuaries and underwriting logic to successful market launch.
We combine actuarial expertise, market knowledge, and operational claims expertise to create sustainable, economically sound cyber solutions.
Product Development & Design
exxis designs comprehensive cyber insurance products, including:
- Coverage design and policy provisions
- Structuring of sublimits and deductibles
- Premium models and rating logic
- Development of underwriting guidelines
- Risk segmentation and underwriting criteria
Placement & Market Access
We strategically position cyber insurance solutions in the market:
- Access to national and international specialty insurers
- Placement of complex risks and excesses
- Structuring of quota share, consortium, and layer models
Underwriting & Claims Assessment
The close integration of product development, underwriting, and claims management results in practical and robust cyber insurance solutions that have proven their worth in the market over the long term.
– Marius Plote, Senior Underwriter CyberIn today's world, a multi-layered defense of your business systems is essential for cybersecurity. If, despite these precautions, you fall victim to a cyberattack, we at exxis are here to support you.
Product Highlights of Our Cybersecurity Solutions
Comprehensive cyber protection – structured, predictable, marketable
IT forensics, crisis management, data protection consulting, reputation protection, reporting, and assistance with regulatory compliance.
Recovery costs, business interruption, additional expenses, hardware damage, ransom negotiations, and payments.
Liability claims, defense costs, data protection fines within the scope of coverage, and administrative proceedings.
Immediate analysis in cases of suspected cyberattacks to quickly assess the situation and mitigate damage.
Direct access to specialized incident response teams.
IT forensics, crisis communication, and data protection and IT legal consulting—all under one roof.
Claims Handling – Examples
Ransomware attack on a social services agency
Coordination of IT forensics, system recovery, and crisis communication – resumption of operations within a few days.
Data breach at a medical facility
Immediate engagement of a team of experts in forensics, data protection consulting, and reporting—comprehensive regulatory support in dealing with supervisory authorities.
CEO Fraud via Phishing Attack
Damage mitigation, legal assessment, and resolution through coordinated incident response management.
Why choose exxis's cybersecurity solutions?
- Extensive expertise in the development of complex insurance products
- In-depth underwriting expertise in cyber and specialty risks
- Market knowledge and placement expertise with leading insurers
- Close integration of product development, claims management, and assistance
- Customized solutions for broker networks and insurers
Contact us
exxis - Your insurer for complex risks
Would you like to learn more or speak with us directly?
Email: info(at)exxis(dot)de
Phone: +49 (0) 5231 603-0
Location: Detmold