Insurance
Cyber Insurance Comparison — Olala MNG, S.L.
1. General Information
| Aspect |
Howden / Beazley (Cyber+) |
Chubb (Easy Cyber ERM 2.2) |
| Product name |
Cyber+ (Beazley Infosec + Howden) |
Easy Cyber ERM v2.2 |
| Broker |
Howden |
Domiciliación Bancaria |
| Insurer |
Beazley |
Chubb European Group SE |
| Policy period |
1 year (start date TBD) |
01/10/2025 – 30/09/2026 |
| Retroactive date |
Unlimited (no-claims required) |
Unlimited |
| Company turnover |
€5.1M |
€33.3M |
| Territorial scope |
Worldwide |
Worldwide except U.S. & Canada |
| Waiting period (BI) |
8h |
12h |
| Renewal |
Non-automatic |
Automatic (tacit) |
2. Pricing and Limits
| Item |
Howden / Beazley |
Chubb (3 options) |
| Aggregate policy limit |
€1,000,000 |
Option 1: €750,000 → €2,715Option 2: €1,000,000 → €3,054Option 3: €2,000,000 → €4,549 |
| Deductible |
€1,000 |
€5,000 |
| Premium (incl. tax) |
€2,130.56 |
€3,054 (Option 2) |
Summary: Howden/Beazley is ~30% cheaper with a much lower deductible, while Chubb offers broader extensions and higher optional limits.
3. Main Coverages
| Coverage Type |
Howden / Beazley |
Chubb |
| Incident response |
Full policy limit |
€50,000 sublimit |
| Business interruption |
Full policy limit |
Included (12h wait) |
| Data recovery |
Full policy limit |
Included |
| Cyber extortion |
Full policy limit |
Included, full limit applies |
| Data privacy liability |
Full policy limit |
Included |
| Media liability |
Full policy limit |
Included |
| Administrative fines |
Full policy limit |
Included |
| eCrime (fraud, phone hacking) |
€150,000 each |
€25,000 each |
| Criminal reward |
€50,000 |
€50,000 |
| Tech PI |
€50,000 |
Not specified |
| Reputational damage |
Not included |
Included (€250,000) |
| Hardware damage |
Not included |
Included (€250,000) |
| Generalized events (supply chain, zero-day) |
Not detailed |
Included |
| BI indemnity period |
8h |
120 days |
4. Security and Service Conditions
| Aspect |
Howden / Beazley |
Chubb |
| Security prerequisites |
MFA, EDR, IT/OT segregation required |
MFA, GDPR/PCI compliance, named CISO |
| 24/7 response |
Not specified |
Yes (Cyber Alert App) |
| Preventive services |
Not included |
Yes (phishing training, Falcon Prevent, etc.) |
| Renewal |
Manual |
Automatic |
5. Assessment Summary
| Criterion |
Best Option |
Reason |
| Price & deductible |
Howden / Beazley |
Lower cost & deductible |
| Coverage breadth |
Chubb |
More comprehensive (reputation, hardware) |
| 24/7 cyber services |
Chubb |
Built-in response platform |
| Simplicity & efficiency |
Howden |
Straightforward policy |
| Best for €5–10M companies |
Howden |
Cost-effective coverage |
| Best for €30M+ international |
Chubb |
Full enterprise-grade protection |
✅ Final Recommendation
If Olala MNG seeks basic and cost-efficient protection, Howden/Beazley Cyber+ is the best fit.
If aiming for enterprise-grade coverage with reputation, hardware, and active cyber defense, Chubb Easy Cyber ERM 2.2 is superior.