HSB Canada Launches New Cyber Insurance Coverage for Businesses

• HSB CyberPro™ is designed for Canadian businesses
• Provides broad coverage and risk management services
• Cyber protection that can be tailored to a customer’s needs

HSB Canada, a specialty insurer and part of Munich Re, today introduced HSB CyberPro™, a new solution providing comprehensive insurance coverage and services for businesses.

HSB CyberPro combines specialized cyber claims service, active threat monitoring, and risk mitigation tools developed by HSB over nearly two decades in the cyber insurance sector.

This coverage is available Canada-wide through brokers, targeting Canadian businesses with revenues of up to $2 billion.

“The launch of HSB CyberPro with our strategic distribution partners will meet the needs of their customers with broad coverage that is uniquely customizable,” said Stephanie Banning, head of cyber practice for HSB. “The coverage gives businesses the confidence to respond to an unexpected cyber attack.”

Designed for industries such as retail, hospitality, transportation, wholesale trade, construction, and non-profit organizations, HSB CyberPro is agile and adaptable, enabling customers to navigate a rapidly changing landscape of regulatory, legal, and technological cyber risks.

HSB CyberPro offers a variety of first- and third-party coverages, including protection against cybercrime, business interruptions, system failures, data restoration, event response costs, legal counsel, computer forensics, data recovery, crisis management, and other related risks.

The coverage also includes a Cyber Safety risk management platform, featuring active monitoring for system and website vulnerabilities, access to cybersecurity and legal experts, ransomware prevention services, security policies, and online assessment and training tools.

In addition to writing cyber in the primary market since 2016, HSB has been the partner behind successful cyber insurance products for nearly 20 years.

To learn more about HSB CyberPro, visit hsb.ca 

HSB Canada, part of Munich Re, is a multi-line specialty insurer and provider of inspection and risk management. HSB Canada’s insurance offerings include equipment breakdown, cyber risk, and other coverages. HSB blends its engineering expertise, technology and data to craft inventive insurance and service solutions for existing and emerging risks posed by technological change. Throughout its 150-year history HSB’s mission has been to help clients prevent loss, advance sustainable use of energy and build deeper relationships that benefit business, public institutions, and consumers. HSB holds A.M. Best Company’s highest financial rating, A++ (Superior). For more information, visit www.hsb.ca and connect on LinkedIn.

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the asset management company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. Munich Re leverages its strengths to promote its clients’ business interests and technological progress. Moreover, Munich Re develops covers for new risks such as rocket launches, renewable energies, cyber risks and artificial intelligence. In the 2024 financial year, Munich Re generated insurance revenue of €60.8bn and a net result of €5.7bn. The Munich Re Group employed about 44,000 people worldwide as at 31 December 2024.

HSB Canada 
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Suite 2000 
Toronto, ON, M5H 2Y2  
Canada  

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