Algeria – New insurance product to fight cyber attacks
Wednesday, 11 09 2016, Category: Technology, Country: Algeria
Insurance companies will soon launch new procures in order to cover the electronic risks that cause large losses to companies according Mr. Brahim Djamel Kassali the president of the Algerian Union of Insurance and Reinsurance Companies.
Mr. Kassali also clarified on the margins of a seminar on emerging risks organized by the reinsurer “Compagnie Centrale de Reassurance” that “we undertook a study in order to be able to launch soon insurance products tackling electronic risks especially cyber attacks by providing the best protection”.
He added that companies in different sectors are concerned by these risks. Therefore, we have to provide the soonest appropriate insurance products in order to decrease the financial losses resulting from these risks.