Cyber & Data Risk: oil or asbestos?
CPD podcast »
In this IIL claims lecture Hans Allnutt explored his view on cyber risk, demand for dedicated cyber insurance, and the unforeseen exposures under traditional insurance programmes.
Hans explained how the legal and ethical challenges of the Big Data and cyber era have triggered increased regulation and litigation potentially affecting all lines of liability insurance.
Cyber risk arises out of organisations increasing reliance of electronic networks and data. Unforeseen or malicious cyber events can affect an organisations operations, information, and even physical property. This has driven demand for dedicated cyber insurance policies to address the new risk but also raised questions as to the exposure under traditional insurance policies. Informational cyber risk is a particularly growing area of exposure, brought on by the Big Data era and the abilities for companies to push the legal and ethical boundaries of privacy. A flood of regulatory exposures and compensation claims await organisations and liability insurers alike.
By the end of this lecture members would have gained an insight into:
- A conceptual categorization of cyber risk
- How the insurance industry and developed solutions
- The growing trend of regulation and litigation in respect of data
Chair: Gabrielle Folliard, Head of Specialty and Financial Lines Claims, Markel International.
Registration & Security
CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
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CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
3/4 hours' CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.