Trust Insurance Management to launch new cyber products

Trust Insurance Management (TIM) is marketing new cyber products. The risk management company, newly established in Bahrain and run by Kamel Tabaja, has obtained an underwriting power from a pool of Lloyd's syndicates specializing in cyber risks (Tarian Consortium 9633). These are non-life insurance products that cover the damage caused by computer attacks and intrusions.

TIM's e-products are intended for companies in the Gulf Cooperation Council (GCC) region. Are particularly covered:

• the insured's liability towards third parties for non-compliance with personal data
• the reimbursement of portfolio and data monitoring costs
• the cyber extortion (blackmail, ransoms,...)
• the business interruption
• the insured's loss of profit

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