Janus Assurance Re, a specialist insurance company providing reinsurance solutions, has launched the Marine Cyber Insurance Programme, a specialist risk transfer solution for shipowners, ship managers, charterers, terminal operators and maritime logistics companies.
According to the insurer, the launch is in response to signals of converged governance across the maritime sector.
Additionally, the program aims to address the growing cyber threats faced by the integrated operational and information technology systems on which modern ship and port infrastructure depends.
The release also aligns with the International Maritime Organization’s updated cyber risk management guidance, the International Association of Classification Societies’ advanced unified requirements UR E26 and UR E27 for cyber resilience of new-build ships, and the U.S. Coast Guard’s final rule establishing minimum cybersecurity requirements for maritime transportation systems.
The program combines first-party protection, including incident response costs for critical suppliers, business interruption and related business interruption, with a separate third-party liability insurance component for claims related to operational disruption, cargo handling and contractual cybersecurity obligations.
Coverage is designed through clear cyber language and harmonized endorsements to complement traditional hull, cargo and liability arrangements, the insurer explained.
At the same time, underwriting is based on the NIST Cybersecurity Framework 2.0 and the Shipboard Cybersecurity Guidance to assess asset inventory, network segmentation, remote access control and incident response readiness.
The plan also emphasizes pre-loss risk engineering and post-loss rapid response coordination to reduce downtime and prevent secondary safety incidents.
C. Constantin Poindexter of Janus Assurance Re commented: “This is not a universal cyber policy that applies to ships. It is structured to be consistent with maritime operations, regulatory expectations and the unique cause-and-effect patterns that arise when cyber incidents impact safety-critical systems and ship-to-port interfaces. Given what we are observing in the Middle East and the effectiveness of offensive cyber operations, I believe this specialized offering is timely and relevant.”
