JOS and JLT join forces to offer world-class cyber insurance solutions in Asia
Malaysia (7 December 2016) — JOS, one of Asia’s leading providers of IT services and solutions, is partnering with Jardine Lloyd Thompson (JLT), leading suppliers of insurance, reinsurance and employee benefits-related advice, brokerage and associated services, to launch an innovative suite of cyber insurance and consultancy services as part of JOS’s comprehensive cyber security solutions.
JOS offers a range of cyber security technology and consulting services to ensure its customers stay one step ahead of cyber threats. JLT’s cyber insurance solutions help cover the insured party’s own costs and liabilities resulting from threats, damage or loss of information, as well as the use of systems or networks which are typically not protected under the majority of insurance on the market today.
The combination of JLT’s knowledge of cyber insurance and access to specialist markets with JOS’s suite of cyber security consultancy services is a unique partnership at the leading edge of the industry. This is the first time that a technology consultancy with the long heritage and far reach of JOS is working hand-in-hand with an insurance broker like JLT to offer comprehensive cyber insurance solutions to clients across Asia; via JLT’s hubs in Hong Kong, Malaysia and Singapore.
JOS Group Managing Director, Mark Lunt spoke of the significance of the partnership between JOS and JLT, saying: “We are proud to be at the helm of the next generation of cyber security solutions together with our partner JLT. Working together we are able to provide customers with the unique opportunity to access tailored cyber coverage from one of the world’s leading insurers. With technology underpinning the operations and performance of every international business, it is now more important than ever for market leaders such as JOS and JLT to form strategic partnerships that will enable customers to stay secure in the face of advanced and persistent cyber security risks.”
JOS Group Head of Cyber Security Services, Barnaby Grosvenor added: “Coupled with JLT’s industry leadership, JOS is well poised to help organisations assess, combat and manage a broad range of cyber risks. By capitalising on cutting-edge industry and proprietary tools, JOS is delivering integrated cyber security solutions for customers in Asia – from tailor-made assessments, to a menu of security essentials, to a comprehensive long-term suite of consultancy and services.”
JLT’s Managing Director, Financial Lines Group Asia, Ali Chaudhry went on to say: “At JLT, we have a strong focus on providing clients with specialty products. In the area of cyber security a deep understanding of product and exposure is key. New IT risks are developing rapidly for practically all of our clients, leading to the need for a proactive and innovative approach. In working together with JOS, we are excited to be able to offer our clients customised, end-to-end solutions that will help reduce and manage their cyber security costs and exposures. In parallel, we are also launching our Asian cyber risk analytics tool that will provide our clients with quantitative information on their risk profiles.”
Under the partnership, JOS becomes the flagship member of the JLT Cyber Consortium for Asia. JLT’s Cyber Consortium is a unique global community of leading companies and subject matter experts across the cyber ecosystem that continually collaborate on cyber risk best practices and thought leadership to support mutual clients around their strategic, operational, financial and human resource issues impacted by cyber risk.