FAQ

Energy Company
Insurance Company
Energy Company

What benefits do I get as a client?

You will receive targeted and appropriately costed insurance cover to off-set your Cyber risk based on capability and impact lead risk assessments. You will receive benchmarking information enabling you to measure your own Cyber risk against those of your industry peers. In addition, you will receive a Cyber risk improvement plan, enabling you to effectively measure your trajectory towards a securely implemented transformation program, protecting your digital transformation investment.

How much is an assessment?

You don't pay a penny for Cyber Mutual's Cyber Risk Assessment. Think of it as a replacement to a proposal form. We use the inital assessment to quote a premium for your cyber insurance cover shortly before your renewal date.

Do I need to wait until my renewal date?

You do not have to wait until your renewal date. If you are concerned that you may have inadequate cover in place, we will conduct a free insurance assessment, mid-policy.

What does this insurance cover me for?

‌Cyber insurance cover is provided for business interruption, e.g. individual outages or cross organisation / supply chain cascading failures.

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How do we become part of the Steering Committee?

You will need to be passionate about steering improvements in Cyber risk management within the energy sector. You will need to currently work for an organisation in the energy sector and be either a senior security and/or senior insurance professional.


You will be requested to attend up to 4 virtual roundtables per year and give your current view on challenges regarding threats to the modernisation of the energy sector and discuss how these challenges can be addressed as an industry.


You will also be asked to give feedback on the insurance service improvements Cyber Mutual, Government and Underwriters will present at those sessions.

Insurance Company

I'm an Underwriter. How does this help me?

‌Our approach will establish an improved risk assessment, pre-inception and offer continual risk and impact monitoring throughout the duration of the policy and beyond. This ensures your policy and portfolio risk can be managed effectively. 

I am a broker, how can I bring this to my energy clients?

Get in touch with us so we can align service propositions and bring this to your clients.

Why is it better than my current proposal form?

Unlike your current proposal form, InsureTek provides continual risk monitoring throughout the duration of the policy and is built specifically for the energy market with regulatory frameworks and specific security certification criteria built in.

The assessment is based on cleverly combining capability and impact assessmernts aimed at understanding the resilience and likely loss in specific scenarios. This information enables us to run scenario based losses in the absence of enough historical real loss data.

As industry specifialists, the ability to benchmark the energy sector provides quantifiable risk metrics across the protfolio and predicts areas of convern that can be addressed to reduce loss ratios and provide the most competitive premiums.