Insurance - Cyber defence for marine

Comprehensive loss of hire and physical damage cyber protection for single commercial vessels and fleets.

Technology has brought tremendous benefits to the safe and efficient operation of shipping. With this comes an increase in the interconnectivity of onboard, shore-based systems and the interdependency of operational and information technology.

But these advances bring new risks and challenges. Cyber hazards are no longer limited to financial institutions and others that hold and manage personal data. The increase in financially motivated ransomware that targets systems and physical assets is agnostic of industry sectors.

These vulnerabilities have been recognised by the International Maritime Organization which is advising that all vessels comply with new guidelines on cyber risk management by the first annual verification of the respective company's Document of Compliance after 1 January 2021.

Seamless cover

Beazley has designed a new set of cyber covers to meet the existing and developing needs of vessel operators. These can be combined with our existing cyber products to provide a holistic approach to the range of marine cyber risks faced today.