Helios Re

Data breach parametric insurance

Pays out on a confirmed data breach, with the amount set by the number of records affected.

Get terms for this cover How parametric cover works
Index, trigger and payout
Breach disclosedNo eventPayout
Illustrative series. The payout is released when the index crosses the trigger agreed in the contract.

How the cover works

What is measured, and when it pays.

Risk covered
Loss triggered by a confirmed data breach, sized by scale of records affected.
Parametric trigger
Confirmed disclosure + affected-record count band.
Payout
Predefined payout compensating the loss, sized on an 11-tier trigger scale.
Index resolution
Named asset, per event
Data and model
Power-law breach-size distribution (Edwards et al., "Hype and Heavy Tails").
Typically for
Digital-dependent businesses

Digital family

Other digital covers.

Cyber outage Outage duration for a named provider/region. See the cover Cyberattack Threat-intel leak-site listing + insured attestation. See the cover Internet blackout Connectivity drop % vs. baseline, and duration. See the cover

Next step

Test the trigger on your own location.

We back-test the index at your site over its full history and come back with indicative terms, before anything is bound.

Request a back-test All digital covers