Basel/Mendrisio, 5 November 2024
Helvetia cooperates with Coinnect to enhance client’s protection and cyber risk underwriting
Helvetia collaborates with Coinnect, thus adopting their advanced Cyber Insurtech platform to enhance cyber risk underwriting and support cyber risk mitigation for its clients. This partnership leverages cutting-edge AI and cyber intelligence to offer comprehensive risk assessment and continuous monitoring, leading to improved security and favorable insurance conditions for proactive clients.
Starting by the end of the year, Helvetia Switzerland will adopt Coinnect’s Cyber Insurtech platform to assess the cyber risk of its clients and prospects. Utilizing advanced cyber intelligence data and artificial intelligence, this platform will provide supplementary technical information enhancing the underwriting process of Helvetia. At the same time, Helvetia can provide the results of this one-off vulnerability check to customers free of charge, therefore generate added value for their clients.
Better management of cyber risks
In addition to risk evaluation, Helvetia customers will have the opportunity to access Coinnect’s expert support for a more detailed cyber risk assessments and risk mitigation services, including continuous monitoring, which helps to significantly improve their security posture. This proactive approach will enable clients to better manage their cyber risks, creating a benefit for their overall operational resilience.
Recognizing the value of effective risk reduction, Helvetia will offer special insurance conditions to clients who subscribe to Coinnect extended services. These clients will benefit from reduced cyber risk and improved resilience, which in turn will allow them to receive more favorable insurance terms. This initiative underscores Helvetia’s commitment to rewarding proactive risk management.
“This partnership underlines Helvetia’s commitment to driving innovation in cyber insurance and helping our customers improve their resilience to these threats”, resumes Andrea Genini, Senior Underwriter and responsible project manager at Helvetia. “In addition to the undeniable benefits for our customers, the collaboration with Coinnect also helps us to further improve the cyber resilience of Switzerland as a business location and the quality of our portfolio.”
“We are proud to cooperate with Helvetia”, said Massimiliano Rijllo, CEO of Coinnect. “Our platform will provide Helvetia’s customers with better cyber risk assessment, AI and mitigation capabilities. We look forward to continuing to work together to bring this innovative platform to the Swiss market.”
This media is also available on www.coinnect.com/about/news.
For further information please contact:
Coinnect SA
Beatrice Arria
Marketing & PR Manager
Phone: +41 445 869827 [email protected]
Helvetia Insurance
Eric Zeller
Senior Communication Manager / Media Spokesperson
Phone: +41 58 280 50 33
About the Helvetia Group
Helvetia Group, with its headquarters in St. Gallen, has grown since 1858 to become a successful insurance group with over 13,800 employees and more than 7.2 million customers. It has been enabling its customers to seize opportunities and minimise risks for all that time – Helvetia is there for them when it matters. Helvetia is the best partner and is present everywhere that protection needs arise, with insurance, pension and investment solutions from a single source as well as simple products and processes. The insurance group knows the business, from mobile phone insurance and insurance cover for the Gotthard Base Tunnel to the long-term investment of customer assets. Helvetia develops and opens up new business models with enthusiasm and drives forward its own business in a powerful and future-oriented manner. It acts with foresight and responsibility in everything it does: for the benefit of its shareholders, customers and employees as well as its partners, society and the environment.
Helvetia is the leading all-lines insurer in Switzerland. With Helvetia Seguros and Caser, the Spain segment is the second pillar of the Group. With the GIAM (German, Italian and Austrian Markets) segment, the company has firmly established market positions in European countries for above-average growth. In the Specialty Markets segment, Helvetia offers tailored special insurance and reinsurance cover worldwide. With a business volume of CHF 11.3 billion, Helvetia generated underlying earnings of CHF 372.5 million and an IFRS net income of CHF 301.3 million in the 2023 financial year. The shares of Helvetia Holding AG are traded on SIX Swiss Exchange.
About Coinnect
Coinnect is a trusted partner in Cyber Risk Control, providing a cutting-edge platform that helps Cyber Insurers, Managed Service Providers (MSPs), Enterprises, and Government Organizations manage cyber risks effectively. We focus on making risk management accessible and proactive through advanced AIdriven insights and real-time monitoring. Our platform supports Cyber Insurers during underwriting by providing the tools needed to assess risks accurately and help policyholders reduce exposure. MSPs can manage their clients’ cybersecurity needs with autonomy, utilizing proactive risk identification and mitigation strategies. Enterprises and Government Organizations benefit from full visibility across their risk landscape, including internal systems, third-party vendors, and affiliated companies. Coinnect also offers specialized Incident Response services leveraging its real-time AI-powered attack surface and cyber intelligence platform to support recovery from cyber incidents, including ransomware, ensuring minimal business disruption and secure operations. With Coinnect, your organization can efficiently manage cyber risks and maintain resilience against evolving threats.
Cautionary note
This document was prepared by Helvetia Group and may not be copied, altered, offered, sold or otherwise distributed to any other person by any recipient without the consent of Helvetia Group. The German version of this document is decisive and binding. Versions of the document in other languages are made available purely for information purposes. Although all reasonable effort has been made to ensure that the facts stated herein are correct and the opinions contained herein are fair and reasonable, where any information and statistics are quoted from any external source such information or statistics should not be interpreted as having been adopted or endorsed as accurate by Helvetia Group. Neither Helvetia Group nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this information. The facts and information contained in this document are as up to date as is reasonably possible but may be subject to revision in the future. Neither Helvetia Group nor any of its directors, officers, employees or advisors nor any other person makes any
representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document.
This document may contain projections or other forward-looking statements related to Helvetia Group which by their very nature involve inherent risks and uncertainties, both general and specific, and there is a risk that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include: (1) changes in general economic conditions, in particular in the markets in which we operate; (2) the performance of financial markets; (3) changes in interest rates; (4) changes in currency exchange rates; (5) changes in laws and regulations, including accounting policies or practices; (6) risks associated with implementing our business strategies; (7) the frequency, magnitude and general development of insured events; (8) mortality and morbidity rates; (9) policy renewal and lapse rates as well as (10), the realisation of economies of scale as well as synergies. We caution you that the foregoing list of important factors is not exhaustive; when evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties. All forward-looking statements are based on information available to Helvetia Group on the date of its publication and Helvetia Group assumes no obligation to update such statements unless otherwise required by applicable law.
