Google Cloud adds Beazley and Chubb to risk protection program

By Michael Loney

May 23 - (The Insurer) - Google Cloud has announced advancements to its Risk Protection Program, with Beazley and Chubb joining as program partners.

The program is a collaboration between Google and leading cyber insurers that provides what it said is “competitively priced cyber-insurance and broad coverage for Google Cloud customers”.

Google Cloud said that the updates make the program more accessible to more organisations and expand its specialised cyber insurance offering.

The Risk Protection Program is based on a customer’s cloud security posture as reported through Google Cloud’s Security Command Center.

The program has two components: a cyber insurance hub provided by Google that enables a quick assessment of risk posture across Google Cloud and facilitates a streamlined process for procuring cyber insurance; and tailored cyber insurance policies provided by Google’s partners.

Beazley and Chubb have joined as new program partners, while the collaboration with founding partner Munich Re has been expanded through onboarding Munich Re Specialty and SMB-focused subsidiary HSB.

“This collaboration will make the Risk Protection Program available to more Google Cloud customers, extending our reach to include businesses of all sizes,” Google said. “We're also expanding the program’s availability internationally, with coverage rolling out in phases, ensuring that more organisations can take advantage of the unique benefits of the program.”

Additionally, for qualified Google Cloud digital native customers, Beazley is removing the traditional insurance application and replacing it with a single-page attestation.

Chubb's offerings will include coverage specifically against potential future quantum exploit risks.

Risk Protection Program clients underwritten by Munich Re receive access to Mandiant's expertise in threat intelligence, advisory and incident preparedness.