CPD Webinar - Cyber Insurance

Cyber risk is a growing issue for all businesses. No two cyber policies are the same so this can be a complex area for insurers, brokers, and their clients to understand the cover offered.

This session will review the cyber risk insurance solutions available in this rapidly changing class.

Contents List

• Coverage found in a typical cyber policy – data breach, BI, cyber liability, cyber crime, issues of retro dates, social engineering limitations, industrial control systems, definition of BI indemnity periods and limit calculation.

• Market developments - hardening of rates, additional security and protection requirement, ransom payment issues., concern about group actions, implications of Lloyd v Google Supreme Court action

• Market innovation - parametric, stand-alone breach support, wrap policies, industry specific policies

Learning Objectives

• Understand the cyber risks covered in an SME cyber policy.

• Be aware of key cyber insurance market developments and their practical implications for brokers and insurers.

• Be aware of cyber market innovations and their potential use for client