Swiss Re Corporate Solutions and IBM Security have partnered to offer cyber-risk protection products and services. The agreement is intended to help businesses defend themselves against increasingly sophisticated cyber attacks.

"We aim to answer some of the most pressing questions of companies that seek cyber risk insurance – questions on unforeseen vulnerabilities, available protections, data monitoring techniques and more,” said Francois Brisson, Swiss Re Corporate Solutions' head of cyber technology. “Together with IBM, we not only analyze and assess our clients' cyber risk exposure but also support them in dealing effectively with a security breach."

[12 Cybersecurity Mandates from the NAIC]

The agreement combines IBM technology for assessing security vulnerabilities with Swiss Re risk underwriting.  IBM will assess clients' vulnerabilities to cyber attacks and offer risk mitigation proposals that can help in the underwriting process.

"As businesses evolve, vital assets that were once kept under lock and key now flow freely through the cloud and mobile devices, beyond the four walls of the enterprise,” said Philip C. Kibler, IBM Security's director global alliances and computer security incident response team. “Companies today deploy solutions to secure this new perimeter, and also turn to forward thinking insurers such as Swiss Re Corporate Solutions to provide an extra layer of protection in the event an incident occurs."

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