Launch of an insurance product dedicated to maritime cyber risks

In a press release, the insurer Willis Towers Watson announced the launch of a new insurance product specifically designed to cover cybersecurity risks in the maritime sector. The objective of this product is to address the incomplete coverage of cyber risks in most traditional insurance policies and to respond to the growing number of cyber incidents affecting the maritime industry.

The policy reportedly covers several situations, including: crisis management in the event of ransomware attacks, data theft, incidents involving third parties, loss of connectivity following attacks on satellite communication links, as well as cases related to GDPR and the NIS Directive.