A Hardening Cyber Insurance Market
May 24 – 2:00 pm to 2:45 pm
Grays Peak 3
Historically, businesses have chosen to invest in insurance policies to help contain and reduce financial losses and mitigate the risks associated with a cyber breach. While cyber insurance policies will continue for the foreseeable future, hardening market conditions due to the exponential growth of cyber-attacks have forced underwriters to tighten the requirements when evaluating new or existing policies. Executives, board members and managers have a heightened duty to protect systems and should be preparing to address those challenges impacting cyber coverage, limits, and premiums.
Attendees of this session will gain insight on specific requirements that are preventing stakeholders from securing cyber policies, as well as learn of proactive measures that will help avoid a denial of coverage or a notice of non-renewal from the insurance carrier.