Canopius Group, an international specialist property and casualty (P&C) re/insurer, has launched a new cyber warfare product to provide businesses with specialized protection against the escalating threat of cyber warfare.
Cyber warfare has grown to the point where it can shut down operations, compromise critical systems, and undermine financial resiliency. As global tensions increasingly flow through digital channels, businesses are increasingly vulnerable to threats that were once the domain of governments and defense agencies.
Canopius’ new bunker protects against state-sponsored attacks conducted as part of a physical conflict, as well as those that have a significant impact on state actions, regardless of whether a physical war has been declared.
This product marks a meaningful step forward in helping organizations build resilience against an increasingly volatile threat environment.
Currently, coverage is limited and can be purchased alongside traditional cyber policies with Canopius as the main primary insurance company.
Camilla Walker, head of UK cyber and technology at Canopius, said: “Recent events have shown how quickly regional conflicts can escalate into widespread cyber disruption, with nation-state coalition groups targeting commercial enterprises far removed from the physical frontline. We have developed this product to give customers the option to extend their policies to cover state-sponsored attacks that form part of cyber or physical warfare. It reflects our commitment to staying ahead of emerging risks, no matter how complex or unprecedented they are.”
