Global advisory firm WTW is launching CyProtect Bermuda, a cyber insurance product.

It is designed to be a comprehensive solution for financial, professional and executive risks, targeting large enterprises in the Bermuda market.

“This sets a new standard, delivering fortified coverage, streamlined processes and exclusive advantages to shield corporations from the ever-changing cyber threat landscape,” a WTW spokesman said.

They added that CyProtect delivers punitive damages cover tailored for the Bermuda market, and attempts to streamline the quote-to-policy process.

“CyProtect Bermuda embodies a robust safeguard for our clients, reinforcing our commitment to providing cutting-edge solutions for cyber insurance,” WTW head of cyber, Finex, Bermuda, Tommy Edwards said: “This innovative solution is meticulously crafted to fortify enterprises against evolving cyber threats, offering a tailored defence finely attuned to the unique attributes of the Bermuda insurance marketplace.”