Willis Towers Watson launches customized cyber cover for shipowners
Willis Towers Watson Public Limited Company - Ordinary Shares (WLTW)
Last willis towers watson public limited company - ordinary shares earnings: 4/30 06:01 am
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Source: GlobeNewswire
ARLINGTON, Va., April 28, 2020 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, today announced the launch of CyNav, a new type of cyberinsurance cover designed specifically for shipowners. The new product addresses the growing need for an explicit marine cyber solution, built from the ground up to specifically address ship operators’ exposures, rather than trying to use preexisting generic cyber products amended marginally to fit marine exposures. Shipowners are increasingly reliant on technology for all aspects of their operations, and their unique risks associated with this dependency can lead to significant financial damage. As the financial impact of cyber incidents continues to increase and the “silent cyber” cover in traditional marine cover is being reduced, CyNav’s clear and affirmative cyber solution is designed to plug any remaining cyber gaps. “Barely a week goes by without new cyber events affecting
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