Google Cloud strengthens cyber insurance in DACH: New protection against risks!

Google Cloud strengthens cyber insurance in DACH: New protection against risks!

Google Cloud today announced a significant expansion of its Risk Protection Program (RPP), now covering over 30 EMEA markets, including the DACH region. This initiative responds to the increasing cyber security risks and related challenges facing the cyber insurance industry. The background is the current wave of ransomware attacks, which is significantly increasing pressure on cyber insurance premiums, with brokers warning of double-digit premium increases. The RPP is aimed at Google Cloud customers with annual revenue of over $500 million

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A central goal of the RPP is to establish automated and more efficient processes in order to operate successfully in a market characterized by increasing risks. Scrutiny of cybersecurity measures is expected to increase, highlighting the need for improved risk assessment in the cyber insurance market. In this program, Google Cloud combines its cloud security data with the expertise of leading insurers to offer tailored cyber insurance. New cyber insurance partners include Chubb and Beazley, who are expanding their services in the DACH market.

Innovative coverage solutions

The RPP covers new risks associated with artificial intelligence and future threats such as quantum-based attacks. In this context, a new Affirmative AI coverage was also introduced, which expands Google's existing AI insurance coverage for generative AI workloads. Chubb offers proactive protection against potential future risks from quantum-based attacks, which is particularly important given the increasing threat posed by this technology.

An additional feature of the program is Google Cloud's Cyber ​​Insurance Hub, which allows customers to generate real-time reports on their security posture and share them directly with insurers. This enables faster and simpler communication between companies and insurers, which can lead to improved underwriting and broader protection.

Partnerships and Services

Important supporters of the RPP include Munich Re, which is deepening its cooperation by integrating Munich Re Specialty and HSB. Customers insured with Munich Re also receive exclusive access to Mandiant services, which primarily include threat analysis, consulting and crisis preparation. These services also include real-time updates on vulnerabilities and technical support during security incidents.

The RPP is intended not only to help Google Cloud's existing customers, but also to improve transparency regarding risk assessment in the cyber insurance market. This initiative is considered necessary to ensure smarter underwriting and therefore broader, more affordable protection in times of increasing risks. Google Cloud's plans for the DACH market bring a breath of fresh air to a rapidly changing area of ​​cyber insurance where companies are increasingly having to deal with new threats.

The comprehensive strategy and partnerships formed under the RPP could have a significant impact on the approach to cyber security solutions and insurance in the region. Loud IT finance magazine and Hardware This is an essential step towards adapting to the dynamic demands of today's cyber climate.