AXA XL launches cyber solution to support the construction sector in Europe, Asia and Australia

Dublin - October 30, 2025

AXA XL today announced the launch of a new cyber solution designed to provide construction firms in Europe, Asia and Australia with enhanced protection against the rapidly evolving landscape of cyber threats.

Available by endorsement to AXA XL's cyber insurance coverage, the solution includes coverage for:

• Missed Bid: reimbursement for income loss due to not being able to submit a bid because of a cyber security breach or system failure.
• Expanded definition of network to include BIM (Building Information Modelling) and other construction-related software: coverage for claims or first party costs resulting from a breach or system failure on such software operated by the insured firm.
• Downstream Contractual Penalty Coverage: for loss as a result of contractual penalties due to construction and/or production delays resulting from a cyber security breach or system failure.
• Drone coverage: to address privacy violations that result from the use of drones.

According to Carlos Rodriguez Sanz, Regional Product Leader, Cyber for APAC & Europe, "Each industry faces distinct challenges regarding cybersecurity, and the construction sector is no different. It is increasingly dependent on diverse digital tools and data-like 3D models, project management platforms, artificial intelligence and Internet of Things devices-, which makes construction firms more vulnerable to cyber threats. Working alongside our Construction underwriters, we have developed this endorsement to tackle the specific cyber risks faced by our construction clients."

The endorsement, launched last year in the U.S., will now be available across Europe and APAC.

AXA XL's cyber insurance team is dedicated to helping clients understand and minimize their cyber risks through comprehensive insurance coverage and risk management services. With a focus on proactive risk assessment and responsive claims handling, AXA XL supports clients in navigating the complexities of the evolving cyber risk landscape.

ABOUT AXA XL AXA XL, AXA's property, liability and specialty risk division, provides insurance and risk management solutions for mid-sized to large multinational companies worldwide, as well as reinsurance solutions for insurance companies. We see ourselves as a partner for all those who move the world forward. Learn more at www.axaxl.com.

ABOUT AXA XL INSURANCE AXA XL Insurance offers insurance solutions worldwide for medium-sized companies up to multinational corporations in property and liability as well as in professional, financial and specialty lines. We see ourselves as a partner for all those who move the world forward. Learn more at www.axaxl.com.