How to protect your company from cyber attacks?
The following is an extract from Cyberversicherung.ch. Check out their post for more details.
The 8 Largest Swiss Cyber Insurers
1. AXA — Integrated cyber prevention service, flexible coverage modules
- Coverage: up to CHF 25M | Premium (CHF 3M): CHF 14,500–19,000/year
- Strengths: Broad incident response network, strong prevention approach
- Weaknesses: Higher minimum deductible (CHF 10,000+)
2. Zurich — Global incident response platform with 4-hour SLA
- Coverage: up to CHF 50M | Premium (CHF 3M): CHF 16,000–22,000/year
- Strengths: International expertise, comprehensive coverage
- Weaknesses: Complex policy structure, higher premiums
3. Helvetia — Combinable with business insurance for package discounts up to 15%
- Coverage: up to CHF 10M | Premium (CHF 3M): CHF 13,000–17,500/year
- Strengths: Attractive premiums, trilingual service (DE/FR/IT)
- Weaknesses: Coverage capped at CHF 10M
4. Mobiliar (CyberSafe) — Free CyberRisk check developed with ETH Zurich
- Coverage: up to CHF 5M | Premium (CHF 3M): CHF 12,000–16,000/year
- Strengths: Very attractive premiums, excellent SME focus, prevention included
- Weaknesses: Coverage capped at CHF 5M
5. Allianz Suisse — Optional supply chain business interruption coverage
- Coverage: up to CHF 25M | Premium (CHF 3M): CHF 15,000–21,000/year
- Strengths: Global expertise, supply chain coverage
- Weaknesses: Higher premiums
6. Baloise — Fully digital application process, quote in 10 minutes
- Coverage: up to CHF 10M | Premium (CHF 3M): CHF 13,500–18,000/year
- Strengths: Fast digital onboarding, transparent terms
- Weaknesses: Smaller claims team
7. Generali — Cyber risk assessment with up to 20% premium discount
- Coverage: up to CHF 15M | Premium (CHF 3M): CHF 14,000–20,000/year
- Strengths: Good prevention approach with premium discount
- Weaknesses: Premium benefits only with risk assessment
8. Vaudoise — Trilingual claims processing (FR/DE/IT), strong in Western Switzerland
- Coverage: up to CHF 5M | Premium (CHF 3M): CHF 12,500–17,000/year
- Strengths: Attractive premiums, good regional service
- Weaknesses: Coverage capped at CHF 5M
Direct Comparison: All 8 Providers
| Provider | Max. coverage | Premium (CHF 3M)* | Min. deductible |
|---|---|---|---|
| AXA | CHF 25M | CHF 14,500–19,000 | CHF 10,000 |
| Zurich | CHF 50M | CHF 16,000–22,000 | CHF 10,000 |
| Helvetia | CHF 10M | CHF 13,000–17,500 | CHF 5,000 |
| Mobiliar | CHF 5M | CHF 12,000–16,000 | CHF 5,000 |
| Allianz | CHF 25M | CHF 15,000–21,000 | CHF 10,000 |
| Baloise | CHF 10M | CHF 13,500–18,000 | CHF 5,000 |
| Generali | CHF 15M | CHF 14,000–20,000 | CHF 5,000 |
| Vaudoise | CHF 5M | CHF 12,500–17,000 | CHF 5,000 |
*Mid-sized company, approx. 100 employees, average risk profile.
