Announcing the Risk Protection Program: Moving from Shared Responsibility to Shared Fate

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The Risk Protection Program helps Google Cloud customers reduce security risk and connect with our insurer partners, Allianz Global Corporate & Specialty (AGCS) and Munich Re, who designed a specialized cyber insurance policy exclusively for Google Cloud customers, called Cloud Protection +. We worked closely with AGCS and Munich Re to co-design the Risk Protection Program to ensure we could bring a differentiated risk management solution to Google Cloud customers to reduce risk, potentially reduce costs, and build further trust in our platform.

“We partnered with our industry peer Munich Re to design this policy specifically for cloud technology users, from the ground up. We recognized that by working with Google Cloud, we are able to better understand customers’ risk through more insightful data. These additional insights allow us to not only reward Google Cloud customers with more efficient insurance purchasing and better policy terms, but also allow us to help drive customers to take a proactive security stance, by tying premium pricing to actual security posture.” –Jody Yee – Managing Director, Alternative Risk Transfer, AGCS.

Our differentiated viewpoint on risk management

Google Cloud is uniquely positioned to change the way customers manage security risk associated with their cloud workloads by creating shared fate around security. The Risk Protection Program introduces a powerful new Google Cloud security diagnostic tool called Risk Manager, which enables customers to measure and manage their risk on Google Cloud and obtain a report on their security posture. Working with their broker, customers can use Risk Manager to send reports to AGCS and Munich Re, who in turn can leverage the reports to assess customers’ security posture and underwriting eligibility for Cloud Protection +.

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