What’s new with Google Cloud’s Risk Protection Program

Accelerated onboarding for digital natives

Additionally, for qualified Google Cloud digital native customers, Beazley is removing the traditional, often complex insurance application altogether and replacing it with a single-page attestation. This means an even faster, simpler path to securing tailored cyber insurance for organizations deeply integrated with Google Cloud.

Coverage for emerging AI risks

The Risk Protection Program is further evolving to address the rapidly changing technological landscape, including the increasing adoption of AI. A key enhancement now available is the inclusion of Affirmative AI insurance coverage for your Google-related AI workloads. Building upon Google’s existing AI indemnification commitment, this explicit coverage provides clarity and reduces uncertainty around the unique risks associated with generative AI.

Preparedness against future quantum threats 

Demonstrating a commitment to future-forward risk management, Chubb’s offerings will include coverage specifically against potential future quantum exploit risks. This proactive step aligns with Google’s ongoing work in post-quantum cryptography (PQC) and helps customers prepare for potential security challenges posed by future quantum computing advancements.

Threat intelligence, advisory and incident preparedness with Mandiant

Risk Protection Program clients underwritten by Munich Re receive access to Mandiant’s expertise in threat intelligence, advisory, and incident preparedness. 

This expertise includes near real-time updates on high-priority exploited vulnerabilities informed by Mandiant Consulting and Google Threat Intelligence Group, technical coaching from experienced Mandiant incident responders during a cybersecurity incident, and tabletop exercises facilitated by Munich Re and Mandiant Consulting to test and enhance incident readiness with your teams.

Translating security investments into financial returns

The enhanced Risk Protection Program helps translate your dedication to security into tangible business value. By using the Cyber Insurance Hub and demonstrating strong security practices on Google Cloud, you can potentially achieve more favorable terms and pricing on cyber insurance premiums — the return on investment is clear. 

We understand that navigating the complexities of cloud risk can be new to some insurers, which is why Google actively works with our cyber insurance partners to ensure they understand the nuances of the cloud, simplifying the process for you.

“Google Cloud’s Risk Protection Program has streamlined our insurance underwriting process while providing valuable insight into quantitative risks through standardized reporting, enhanced compliance monitoring, and simplified reporting to our insurance provider. This partnership underscores our shared commitment to safeguarding trust and ensuring the responsible use of data,” said Frank Caserta, CISO, LiveRamp.

“We were early adopters of RPP and it’s been a great change in our process. The program has helped us have a more efficient renewal … I just go and I press one button and it goes off to insurance partners. Because I know what data the insurance underwriters are going to be using, I can proactively respond to any questions and therefore cut down time dramatically. To organizations looking to adopt RPP, I would say do it. It makes your insurance renewal process so much more efficient,” said Justinian Fortenberry, CISO and VP of Engineering, Etsy.

It’s easy to get started

At Google Cloud, we firmly believe that the cloud is more than just a risk to be managed, it is a platform for managing risk effectively. Our new enhancements to the Risk Protection Program mark a significant step forward in helping customers navigate the complexities of cloud security and risk management. 

To get started, you can follow these four steps:

1. Discuss the Risk Protection Program with your insurance lead and broker.

2. Onboard to Google’s Cyber Insurance Hub, run a report, and share the report with your chosen insurance partner(s).

3. Work with your insurance broker to complete the cyber insurance underwriting process, and evaluate any quotes.

4. Contact us for more information.