In 2022 we discussed the challenges that cyber insurance industry faces with insuring cyber to the insurance industry and Lloyds of London, in line€¦

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In 2022 we discussed the challenges that cyber insurance industry faces with insuring cyber to the insurance industry and Lloyds of London, in line with the statement made by the CEO of Zurich. We also presented the opportunities for the industry to support cyber insurers underwrite cyber risk, as cyber regulation develops.

Cyber presents opportunities and challenges to the insurance industry. Opportunities that come from the development of cyber regulation that is now being written in the EU, U.S and Australia. Regulation that transfers cyber risk ‘Left of Bang’ on to the financial statements of covered entities and into the board room. Creating opportunities for the insurance industry to increase income from cyber insurance and the development of products and services to enable organization’s reduce their cyber risk exposure in line with regulatory compliance.

In our paper written with U.S attorney Rachel V. Rose, JD, MBA and Ted Dziekanowski we discuss the role that cyber regulation plays in cybersecurity, the transfer of cyber risk to the board room and away from cyber insurance and the challenges board face with cybersecurity risk management. Creating opportunities for the cyber insurance industry.

Papers that can be found here (https://lnkd.in/eM4guVCb) and (https://lnkd.in/dGFVVjCi).

#cybersecurity #cyberriskmanagement #cyberinsurance #cyberregulation

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