Does the cyber insurance market need a facelift?

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Does the cyber insurance market need a facelift? Has the rapid growth of the cyber insurance market, with little historical data to underwrite the risk, poor client awareness and risk reduction and a rapidly growing threat put the cyber insurance market at risk?

Cyber insurance is important, but is it sustainable without a rapid rethink on how to balance the risk between the insurer and the insured? It cannot continue as a ‘primary component of a corporations risk management’. It needs to be one component of the risk management portfolio.

#insuranceindustry #cyberinsurance #insurance #cybersecurity #SupplyChainRiskManagement‚ #CyberRiskManagement‚ #SupplyChainSecurity‚ #riskmanagement‚ #compliance‚ #riskmanagementframework

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