What's new with CyFly 3.0
- Broadened insurer base: Unlike its predecessors, CyFly 3.0 is now backed by a panel of competing primary insurers. This shift introduces greater market competition, offering a variety of choices and more competitive pricing.
- Enhanced coverage: CyFly 3.0’s wording reflects the improved market conditions by incorporating features that were previously optional extras into the core insurance solution, meaning that what used to be additional benefits are now as standard.
- Exceptional protection solution: Building on our experience of working closely with several of the world’s leading airlines since launching the initial iteration of CyFly in 2017, CyFly 3.0 moves beyond standard cyber insurance solutions, providing advanced, dedicated protection designed exclusively for airlines.
Why cyber insurance is crucial for airlines
As airlines expand their IT networks, they face increased dependencies that can lead to financial losses and reputational damage. From IT system outages to ransomware attacks and data breaches, the risks are substantial, necessitating a specialised aviation insurance and cyber insurance approach.
How does CyFly 3.0 help airlines manage cyber risk?
CyFly 3.0 is crafted to address the specific concerns of airlines, offering coverage solutions for:
Passenger compensation and tarmac delay fines due to cyber incidents.
Why choose CyFly 3.0?
WTW is a global leader in risk advisory and broking, offering more than just insurance. With a network of cyber specialists across 40 countries, we are strategically positioned to tackle the complex challenges of the airline industry. CyFly 3.0 offers airlines:
Customised solutions
Designed to cater to the specific needs of airlines, offering protection against cyber risks.
Proven track record
Our claims advocates have successfully recovered significant sums for airline clients.
Specialist expertise
Our team includes seasoned brokers and lawyers with airline industry experience as well as ex-air force cyber security personnel.
Global reach
With an integrated Global FINEX infrastructure, we provide access to top resources worldwide.
Contact us today
For more information on CyFly 3.0's aviation and cyber insurance solutions, airlines can contact WTW. Our specialists are ready to help you navigate cyber risks and enhance your airline's security with tailored insurance solutions.
