Chubb unveiled added features for its cyber incident response coverage, plus two new ways to access the service. Aon plc, launched a new insurance product designed to meet the changing needs of clients’ intellectual property liability.

***

Chubb added new cyber incident response management capabilities to its product roster and launched two new ways of accessing the service: a mobile application and a dedicated website.

The insurer said it has expanded its network of incident response management firms to include services in more than 50 countries across Europe, North and South America, Asia Pacific and Africa. Using the newly expanded incident response network, managers are assigned based on the location of the incident, meaning Chubb cyber policyholders have access to local expertise around the world, 24 hours a day.

The expanded network also means faster response times, Chubb said, plus greater communication between IT security, risk management, incident response and Chubb, thanks to a local response manager.

In a related move, Chubb launched its Chubb Cyber Alert mobile application along with a dedicated website to help policyholders report an incident. The mobile application provides customers with a simple, efficient and immediate way to get assistance when an event occurs. The application also provides policyholders with access to a live cyber response specialist.

The new service is available in multiple languages, including English, Spanish, French, Mandarin, Cantonese, Italian, German, Flemish, Portuguese, Polish, Czech, Turkish, Korean and Japanese.

***

Aon plc, launched a new insurance product designed to meet the changing needs of clients’ intellectual property liability.

Using patent litigation analytics, predictive modeling techniques and innovative distribution strategies, Aon said it has developed a client-focused, holistic approach to IP, which includes meaningful IP liability insurance capacity. This includes:

• Primary limit of indemnity of up to $100M in capacity available per policy, subject to qualification;
• Coverage options for third-party infringement defense, including certain litigation costs, damages and loss mitigation;
• Data-driven risk assessment, placement efficiency, adequate capacity, process simplification and pre- and post-incident response support.

Source: Chubb, Aon plc