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Energy Cyber Cap

Addressing key concerns about your coverage and cybersecurity controls enabling more efficient risk transfer

Tailored

Coverage features are tailored to energy and power sector cyber risk concerns.  Our Cyber Self-Assessment tool provides an overview of your cybersecurity controls, enabling improved engagement with underwriting considerations.   

Consistency

We collaborate with insurers to provide efficient capacity to our energy sector clients that have demonstrated cybersecurity maturity allowing us to provide follow form capacity with coverage that is customized to address the most pressing cyber risks concerns. 

Expertise

Marsh cyber advisors work with you to help you better understand the core controls that are most likely to impact the availability of cyber insurance capacity and associated coverage terms. We can advise on recommended program structures based on a your specific cyber risks. 

Energy and power organizations need efficient solutions for cyber risks, which can threaten the continuous reliability of operations, a key concern in the industry.

Cyberattacks against those in the sector continue to increase, due in part to politically motivated attacks that specifically target energy sector operational technology systems in novel ways. Risk finance and effective cyber controls should work in concert to help energy companies manage their evolving cyber risks.

Marsh’s Energy Cyber Cap addresses key concerns about your coverage and cybersecurity controls as you seek more efficient risk transfer.

How Marsh’s Cyber Energy Cap can help

Marsh meets continuously with insurers that are typically willing to provide efficient capacity to our energy sector clients that have demonstrated cybersecurity maturity. Under Marsh’s Energy Cyber Cap, we have developed a lineup of insurers that are willing to provide follow form capacity with coverage that is tailored to address the most pressing cyber risks concerns of our energy sector clients.

Benefits for your organization:

  • Eliminate excess non-concurrencies for most cyber towers.
  • Available to all energy and power sector organizations, regardless of size.
  • Backed by a growing number of insurers that recognize the advantage of spreading risks across a book of energy clients that have mature cybersecurity controls.

Marsh’s Energy Cap offering includes:

  • Marsh’s Cyber Self-Assessment, which provides personalized insights on cybersecurity control features that can affect insurance coverage and capacity. The assessment is widely accepted by cyber insurers and can facilitate access to insurance capital and capacity globally.    
  • Robust peer benchmarking built on Marsh’s extensive energy sector database.
  • Cyber risk severity scenario modeling.
  • Follow form excess with consistency of coverage terms through the insurance tower.
  • Access to Marsh’s Cyber Incident Response team, technology tools, and more.

The availability of coverage enhancements and features are subject to each insurer’s underwriting discretion and therefore may depend on risk characteristics such as the maturity of cyber controls, and other considerations, including insurer’s risk appetite.

Why Marsh?

Marsh’s Energy, Power & Renewables Practice includes 900+ colleagues in 8 regional hubs, placing more than $6 billion in insurance premium annually in support of over 3,000 clients. In addition to our industry focus, Marsh has a deep bench of cyber risk specialists providing brokerage services to over 160 energy and power organizations. We help you take an enterprise-wide approach to build cyber resilience and work with you to identify and contextualize risks and develop a tailored program.

Learn more about Marsh’s Energy Cyber Cap

Marsh's Energy Cyber Cap addresses key concerns regarding coverage and cybersecurity controls for energy and power organizations. The solution offers tailored coverage features, collaboration with insurers, and expertise from Marsh cyber advisors.

Our people

Michael Gaudet

Michael Gaudet

Managing Director, Energy & Power Specialty Lines Leader

  • United States

Queenie Chong

Queenie Chong

Managing Director, US and Canada Cyber Placement Leader

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