Insurance broker Marsh has launched a Cyber policy enhancement designed to protect against losses stemming from failure by cloud-service providers.

Marsh's CloudProtect acts as an add-on to an insured's Cyber policy to address a company's reliance on vendors across the entire spectrum of operations.

“Cloud computing enables much more efficient computing by centralizing storage, memory, processing and bandwidth—but it also can lead to network interruptions and lost income should the cloud go down,” says Robert Parisi, Marsh's network security and privacy practice leader.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.