C6: Cyber Insurance – Growth & Development..Where will it be in the next five years?
The cyber insurance market has grown exponentially in the last 5 years, and most stakeholders are predicting this growth to continue, driven by evolving legislation and increasing losses. However as the mystique of Cyber insurance disappears, will more traditional lines increasingly include the cover, thereby stifling the growth of the standalone products? This workshop will bring together Lloyd’s market practitioners and AIRMIC members to examine what insurers and risk managers should expect of each other in developing and pricing insurance solutions against the backdrop of an ever-changing cyber insurance market. The session will aim to reveal some of the key innovations relating to cyber insurance being developed in the Lloyd’s market, and to promote open dialogue on identifying the most appropriate cyber insurance solutions for businesses today and in the future.
- The workshop will focus on all aspects of cyber insurance product development and at the end of the session risk managers should be better informed about cyber insurance policies and the insurance cover they should consider for their businesses in an ever challenging and changing environment
Targeted audience – risk managers and insurance buyers from the public and private sectors.
Presented by – Christian Stanley from the Lloyd’s Underwriting Performance Management Directorate will introduce the workshop and moderate the panel which will be comprised of Lloyd’s market practitioners and experts.