Press Release

Willis Towers Watson launches innovative new cyber solution for airports

Innovative cyber product launched for airport risks

November 19, 2018

LONDON, 19 November 2018 – In response to cyber and digital risk being identified as the top concern facing airports today1, Willis Towers Watson (NASDAQ: WLTW) has introduced CyFly for Airports, an innovative and flexible insurance solution specifically tailored to cover cyber exposures affecting airports around the globe. 

CyFly for Airports provides the following extensive coverages not found to be incorporated into current traditional cyber policies:

  • Business interruption arising from outages sustained by third parties upon whose networks airports rely, such as air navigation service providers, hangar operators and maintenance operators
  • Regulatory costs and fines under cyber security legislation, (such as the EU Network & Information Systems Directive) rather than just data protection legislation
  • Broad system failure business interruption extending to any unplanned outages, rather than those arising only from hacks or negligence
  • Voluntary system shut-downs to mitigate business interruption exposures
  • Claims preparation costs to avoid the delay and expense ordinarily associated with business interruption claims
  • Deemed insurability language, aiding recovery of both data protection (e.g. GDPR) and cyber security (e.g. NISD) fines

Jamie Monck-Mason Executive Director, Cyber & TMT, Willis Towers Watson, said “CyFly for Airports has been specifically designed to respond to the cyber risk concerns of our airport clients. They recognise that it is not only their own IT systems that can be vulnerable but that the human element and third party suppliers can also create risk.  Traditional cyber coverages do not include many of the benefits that CyFly for Airports can incorporate.  With our in-depth understanding of the human element of risk, in conjunction with feedback and data from clients, we are developing a suite of industry-specific cyber solutions.”

About Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has over 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential.

1. Willis Towers Watson Transportation Risk Index 2016