For carriers to increase prices and restrict cover as the frequency and severity of cyber attacks increase would be a short-term and unsustainable solution
The global evolution of data protection regulation offers cyber insurers both a challenge and a unique set of circumstances to grow their business
Many specialist pollution policies are silent as to whether pollution caused by a cyber event is covered
As deep fake technologies become ever more sophisticated, careful analysis of cyber resilience and maturity could prove to be the difference between success and failure for insurers
The new regulatory requirements, including the tougher penalties, will drive demand and alter the mix of coverages needed in Brazil and, potentially, across the region
Several issues need to be addressed before the market can achieve the next level of maturity, but the core challenge is building trust between insurers, brokers and policyholders
A confluence of factors promises a big year ahead for cyber insurers that have improved their access to better-quality data and more sophisticated risk-scoring solutions
A growing appetite for personal cyber risk from reinsurers provides an opportunity for carriers willing to be pioneers
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