Bahrain: BKIC revamps cyber insurance offering

Source: Middle East Insurance Review | Mar 2022

Bahrain Kuwait Insurance Company (BKIC) has announced the revamp of its cyber insurance cover which now includes first-party cover and third-party cover for financial losses due to e-crime and breach response support.

The first-party cover is targeted at corporate clients for business interruption loss from security breach or system failure, cyber extortion loss, data recovery loss and network liability.

The cover also provides protection for third-party liability and legal liability which covers media liability, regulatory fines/penalties and payment card liability with adjoining associated legal defence costs.

In the event of an incident or loss, BKIC’s local and international team of cyber professionals will provide customers with legal services, computer forensic services, notification services to parties, call centre services, credit monitoring, identity monitoring, loss prevention solutions, public relations and crisis management expenses. M

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