GIG-Egypt
Organized a specialized conference to introduce its Electronic Data
Protection Policy "Cyber Guard". The event was attended by representatives of the Financial
Regulatory Authority (FRA), along with a distinguished group of international
experts from GIG-Kuwait, Kennedys, Palo Alto Networks, and Swiss Re, in
addition to senior executives and representatives from financial institutions
and leading companies operating in the technology, telecommunications, and
services sectors.
The conference
highlighted the rapidly evolving global cyber threat landscape, its direct
impact on today’s business environment, and the critical importance of
integrating cyber insurance into enterprise risk management frameworks to
ensure business continuity and operational resilience.
During the
event, GIG–Egypt presented the Cyber Guard policy as a comprehensive cyber
insurance solution offering:
- Coverage
for losses resulting from cyberattacks and ransomware incidents.
- Protection
against business interruption and loss of income.
- Coverage
for data, systems, and digital asset recovery costs.
- Expenses
related to forensic investigations, legal advisory services, and breach
notification.
- Third-party
liability coverage arising from data breaches or digital failures.
The policy
features a flexible structure and streamlined procedures with simplified
underwriting requirements, making it suitable for small and medium-sized
enterprises as well as large organizations, while remaining fully aligned with
international cyber insurance standards.
The conference
also included an active contribution from Swiss Re, which shared insights into
the latest global trends in cyber insurance and emphasized the role of
reinsurers in supporting market development and strengthening insurers’ risk
management capabilities.
GIG–Egypt
reaffirms its commitment to delivering innovative insurance solutions and
keeping pace with technological advancements, contributing to enhancing the
cyber resilience of organizations across the Egyptian market.