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A topical post from July 2022 that feels appropriate today outlining the challenges that the cyber insurance industry faces and will continue to face.
{sic} The big challenge for (re)insurers in developing this wording lies in the need for continual reassessment of shifting risk exposures, which necessitates dynamic contract conditions and coverage concepts – both of which are likely to be enduring characteristics of the cyber insurance industry,
S&P expects strict underwriting to dominate the market, with the road to improved underwriting of cyber insurance signposted by clear and precise policy wording that mitigates evolving risks.
Ted Dziekanowski
#cyberinsurance #cyberriskmanagement #cyberregulation
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