Bridging the cyber-insurance knowledge gap
Stand-alone cyber insurance policies cover a variety of liabilities related to cyber risks, including data theft, data privacy, ransomware, service disruptions, and much more. With a significant 30% annual growth over the past five years, it has become one of the fastest growing insurance sectors. Moreover, since everything today is digital and connected, from the heating system to the connected car, cyber risks can impact all aspects of life and are consequently relevant to other lines of insurance such as property, marine and general liability. With the “cyber” aspect of insurance now relevant to virtually all insurance product lines, every insurance professional should have the basic technical knowledge needed to conduct an intelligent conversation with clients about cyber-related risks and coverages.