Cyber Reinsurance

Why is Cyber Reinsurance Important? 

Technology and its ever-increasing adoption by society is creating both opportunities and challenges for insurers in the cyber market. Demand for cyber insurance protection is on the increase as organizations cite cyber as the number one risk in Aon’s Global Risk Management Survey. This presents insurers with an opportunity to grow or enter this market, but a robust and flexible reinsurance strategy is essential for profitable growth and strong foundations. An optimized capital strategy will enable insurers to quantify cyber risk and correctly match their appetite for this line of business with their capital needs and broader business goals.

How Aon Can Help

Aon delivers actionable insights to help insurers underwrite and manage their portfolio exposure as this risk continues to expand throughout our increasingly digital world. 

With our extensive investment in data and analytics, we help clients to develop their individual view of cyber risk that enables them to deliver for their customers while achieving profitable growth. We leverage relationships, expertise and analytics to unlock capital, across reinsurance and ILS.

Aon has a track record of innovation to deliver for clients in the cyber market. Our “firsts” include:

• The first cyber cat aggregate treaties 
• The first cyber cat retro 
• The first 144a cyber catastrophe bond 
• The first broker to develop a Cyber Industry Exposure Database
• The first broker to develop a multi-model approach for cyber

Aon's Global Cyber Industry Exposure Database (IED) contains:

How We Work with Clients

The risks associated with our increasingly digital world are dynamic and rapidly evolving. We work with our clients to develop and quantify their specific view of risk – using our experience and multi-model capabilities we identify current and emerging sources of exposure and the potential for large accumulated losses.

Analytics and market knowledge underpin our design and execution of reinsurance and risk capital strategies that deliver attractive returns on capital to prioritize and drive investment in Cyber growth.

Our top-tier analytic abilities and market insights enable us to assist clients in product development and innovation, enhancing their competitive edge and their bottom line financial needs while meeting their customers' demands with superior terms and conditions.

We prioritize long-term, trusting relationships with clients and their reinsurers, underpins our ability to bind capacity that optimizes pricing and terms. Our commitment to contract certainty reassures clients of reliable reinsurance support in major loss incidents, aligning with board, regulatory, and rating agency standards.

Why Work With Aon

• Our cyber team consists of diverse experience across geographies and the cyber risk value chain from underwriting through to broking.
• We hold proprietary exposure data at policy level, covering 60%+ of the global cyber market to deliver real insights that help our clients make better business decisions.
• We deliver a range of risk transfer options, such as facultative, treaty, and insurance-linked securities by working closely with our experts in Capital Advisory.
• We work with our clients to grow and manage a panel of cyber reinsurers that reduces execution risk and assures contract certainty to facilitate recoveries
• We partner with Aon Cyber Solutions to share our market knowledge, research and thought-leadership across the cyber re/insurance value chain
• We are strong advocates for our clients and their growth strategies