Cyber - looking beyond the hype
In this IIL claims lecture Graeme Newman analysed the latest trends in cyber insurance and how underwriting processes and policy forms are standing up to the growing volume and diverse nature of claims in this new line of commercial insurance.
With cyber insurance being the current hot topic within the insurance market, Graeme examined the latest trends in both coverage and claims. Looking to move beyond the hype, Graeme's lecture critically assessed the state of development of this emerging market and how current policy language is coping with the changing cyber claims environment. Key topics for discussion included: the shift from data breach to business interruption, the complexity of applying traditional policy language to a new world risk, the skills gap within the current market and future trends and developments.
By the end of this lecture members would have gained an insight into:
- The changing nature of cyber risk and how policy language and claims processes must evolve in order to cope
- The real nature of cyber claims including the shift from data breaches to business interruption
- Future potential developments in the cyber insurance market
Speaker Bio:
Graeme’s experience blends IT security with insurance, having joined CFC following a successful career in consulting working on pioneering internet security projects with both the MoD and TFL. Graeme now leads cyber insurance as a product line within CFC.
Chair:
Paul Handy, Global Head of Cyber & Technology Risks, Crawford & Company
Registration & Security
CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
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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.