TVB Jade interviewed Zurich's HKGI CEO
In
January, Mr. Eric Hui, CEO of Zurich's General Insurance
business in Hong Kong, was invited by TVB Jade – Finance
Magazine (財經透視) to participate in a TV interview to talk
about the latest market trends and update on Zurich’s web
security and privacy protection policy, as well as sharing our
market insights on cyber risk management to further promote our
thought leadership in this specific business area.
Following the rapid growth of IT and e-commerce that provides
business convenience to small and medium enterprises (SMEs), and
large companies including multinational corporations, questions
about potential risks of data loss and cybercrime were raised by
the reporter.
In responding to these questions, Eric has introduced Zurich's
Security and Privacy Protection policy (S&P) which intends to
provide a total solution to any business against both first and
third party losses (including financial and reputational costs)
from one or more security event, or privacy event, thereby
resulting in potential security or privacy breach.
Hui said S&P provides first party coverage and third party
coverage. Areas of protection under first party coverage include
privacy breach costs such as forensic investigation expenses,
legal and PR expenses, notification expenses and credit
monitoring expenses. Third party coverage include security and
privacy liability cover, regulatory proceedings defense costs,
civil fines and penalties cover, internet media liability cover,
etc. Zurich can offer up to USD10 million capacities either on
primary or excess of loss basis to any single customer.
The TV interview of Mr. Hui was aired on February 8.
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