Sompo, a leading global provider of commercial and consumer property and casualty (re)insurance, has been honored with the prestigious ‘5-Star Cyber’ award by Insurance Business America. The recognition underscores Sompo’s commitment to delivering comprehensive cyber insurance solutions to manage network security events.
“At Sompo Pro, we are dedicated to providing innovative risk transfer solutions and flexible service offerings that help insureds strengthen their cybersecurity posture and achieve resilience,” said Rich DePiero, EVP and Head of Sompo Pro, North America. “We are proud that Insurance Business America has recognized the strength of our approach and product suite, which is a testament to the exceptional talent and collaborative spirit of our team.”
Mitigation, protection, response – a resilient cyber strategy
At the heart of Sompo’s cyber strategy lies a three-pronged approach: mitigation, protection, and response – a framework designed to build cyber resilience from the ground up.
Mitigation: proactive approach to risk management
Sompo collaborates closely with brokers and insureds to identify unique exposures and craft tailored action plans. Clients gain 24/7 access to essential tools and services, including legal, regulatory, and crisis management support. The Company also leverages advanced analytics and technology to safeguard operations.
Primary insureds benefit from a suite of services and trial licenses, including tabletop exercises; penetration testing; attack surface monitoring; managed detection and response systems; cloud security posture management.
Protection: comprehensive coverage tailored to your needs
The Sompo Premier Professional policy delivers robust first- and third-party liability coverage, including Network Security, Privacy, Media Liability, and Cyber Extortion. Each policy is tailored to the specific needs of the insured, ensuring comprehensive protection.
Response: industry-leading support
Sompo’s dedicated cyber claims team sets the industry benchmark for incident response. With a 24/7 hotline, access to elite breach counsel, and a network of vetted vendors and law firms, clients receive immediate, strategic guidance for legal defense, forensics, and ID restoration.