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Insurance 2020: Innovating beyond Old Models

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Insuring the uninsurable: Is cyber insurance worth its salt?

Cyber insurance is one of the fastest growing areas of risk cover in the insurance industry as businesses increasingly turn to specialist insurance in an attempt to cover a portion of their enterprise risk.

 Cyber risk is notoriously difficult to quantify and businesses face an arduous choice in deciding which risks to manage themselves and which risks to transfer to the insurance market.

 This article dips a toe into this emerging risk area and outlines some steps businesses can take to make better informed risk mitigation decisions.

These are also closely related to: "Insurance 2020: Innovating beyond Old Models"

  • Cyber Liability Insurance

    Like health and car insurance, cyber insurance is a line of coverage designed to mitigate losses from cyber incidents.

    This white paper looks at how cyber liability insurance can help organizations secure themselves in the case of a cyber incident, highlighting how it deals with a number of threat scenarios, including:

    • Loss or destruction of data
    • Damage to software/hardware
    • Extortion demands to appease bad actors
    • And more

    The paper then goes on to discuss how security controls such as multi-factor authentication (MFA) and endpoint security, can bolster the effects of insurance, and lower rates.

    Download the white paper to learn more about the benefits of a trusted cyber insurance policy.

  • Cyber insurance and PAM: Leader's guide

    As cyber insurance evolves, how can you keep up with its changes?

    Enter Conversational Cyber Insurance, a 40-page guide by Founder of Brunsman Advisory Group, Joseph Brunsman.

    Along with breaking down the basics of cyber insurance – covering third-party and first-party claims, as well as the renewal process – the e-book explores the critical role of privileged account management (PAM) in cyber insurance.

    Continue on to discover how PAM can help address:

    • Ransomware coinsurance and sub-limits
    • Legacy hardware and software exclusions
    • And more

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