Google Cloud has joined hands with two major cyber insurance companies, Allianz Global Corporate and Specialty (AGCS) and Munich Re, to roll out a new risk management program that improves cloud security posture and streamlines access to specialized cyber insurance coverage for Google Cloud customers.
Building on Google Cloud’s engineered-in security toolset, the Risk Protection Program consists of two parts. First, a powerful new diagnostic tool called Risk Manager, which enables Google Cloud customers to measure and manage their risk on Google Cloud and obtain a report on their security posture on the platform.
Second, AGCS and Munich Re have developed Cloud Protection +, a cyber insurance product built with key feedback from Google Cloud to provide enhanced and specialized coverage available exclusively for Google Cloud customers.
Using the Risk Manager tool, customers seeking cyber insurance coverage can send reports to AGCS and Munich Re, who in turn will leverage the reports with brokers to assess a customer’s security posture and determine eligibility for Cloud Protection +.
With the Risk Manager tool, customers can benefit from providing insurers more insightful data to assess their security posture. AGCS and Munich Re have streamlined their underwriting process based on improved data provided by the Risk Manager tool and created the Cloud Protection + policy, which provides enhanced coverage to Google Cloud customers.
Starting today, the Risk Manager tool is available to Google Cloud customers by request and will be prioritized for Security Command Center Premium customers in the United States.