Rokstone Athena Cyber Launches $10 Million Supply Chain Cover as 61% Report Breaches
Updated
Updated · Insurance Journal · Aug 10
Rokstone Athena Cyber Launches $10 Million Supply Chain Cover as 61% Report Breaches
1 articles · Updated · Insurance Journal · Aug 10
Summary
$10 million of A-rated Lloyd’s capacity backs Rokstone Athena Cyber’s new global extension covering losses when cyberattacks hit an insured’s key suppliers or major customers.
The product goes beyond traditional contingent business interruption by responding when a supplier outage halts operations or a customer-side incident stops purchases.
Rokstone said the launch targets a widening gap in cyber protection as 61% of organizations have suffered a supply-chain breach and nearly a third of those cases caused disruption, financial loss or fines.
Only two such extensions exist in the market, according to Rokstone, which launched the Debbie Hobbs-led Athena Cyber unit in July and underwrites across SME, mid-market and large corporate risks.
With AI-driven threats exploiting vulnerabilities in mere days, is traditional business interruption insurance officially obsolete for modern interconnected supply chains?
When a hidden software flaw paralyzes your key supplier, will this new $10 million safety net truly save your business from ruin?