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I am, to coin an English term Royally confused. We want to see growth in cyber insurance GWP; cyber risk is an emerging risk that requires the insurer to have underwriting flexibility; Insurers are becoming more selective in the clients they take on; lawmakers are skeptical about regulating elements of cyber policies; government is discussing the need to create a Federal backstop and becoming the insurer of last resort; cyber attack frequency and complexity is rising unabated, with no signs that cyber insurance is going to do anything more than act as a right of bang solution. We now have cyber regulation, transferring cybersecuirty ‘Left of bang’.
The only clarity one sees ahead for the cyber insurers and the insured; is there is no clarity over how organisations will manage cyber risk and cyber risk transfer. When cyber insurers are in the perfect position to support their clients manage cyber risk.
@Thaddeus Dziekanowski Brian D. McCarthy
Veritas GRC
#cybersecurity #cyberinsurance #cyberriskmanagement
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