Marine underwriter Lampe & Schwartze has joined the advisory board of the Maritime Cyber Emergency Response Team (MCERT), concurrent with the formal launch of the firm’s own Ship Owner’s Marine Cyber Cover (SOMCC), which provides coverage for incidents traditionally falling under the cyber-attack exclusion Clause 380.
“Our Ship Owner’s Marine Cyber Cover provides certainty in scope of insurance cover and is a standalone insurance policy covering the exclusions of the clause 380 in hull & machinery policies,” said Hans-Christoph Enge, Managing Partner of the L&S Marine Unit.
“Our exciting partnership with MCERT will provide international cyber incident reporting and response and ensure due diligence on vessel operators taking out the SOMCC. In addition, the MCERT has a key role in providing daily alerts and global threat intel which will further help in loss prevention and cyber risk mitigations.”
MCERT provides a platform for industry-wide collaboration on cyber incident reporting, response and sharing of threat intel across the maritime sector, supporting a joint approach to protect the industry from cyber-attacks.
“At a time when digitisation and automation are shaping the future of the maritime industry, the spectre of cyber-attacks is becoming ever more prominent,” said Anu Khurmi, Templar Executives, who has led the MCERT collaboration with Lampe and Schwartze.
“Marine insurance has a critical role in facilitating and safeguarding international maritime trade, especially if it enables best practices in cyber hygiene and resilience throughout the entire ecosystem. Lampe & Schwartze are leading experts in complex transport and maritime risks, providing highly specialised insurance concepts such as their ground-breaking SOMCC offering.”