Insurance & assurance
27 JANUARY 2023 | 3RD IN THE SERIES
The need to insure company assets against cyber risk is growing rapidly today. With the first billion dollar cyber coverage plan now established, and with a $9 billion industry valuation (74% growth in 2021), cyber insurance is becoming an imperative.
But with this in mind, we must also consider the securitisation of insurance companies and their assets. Dealing in vast amounts of data, both on a personal level and business level, we must consider how we can best protect this data from external attacks.
SC Unlocks: Insurance & Assurance aimed to provide delegates with practical and business critical tools on how cybersecurity within the insurance space works.
The briefing also explored the unique challenges of the insurance sector, including how cybersecurity insurance (aka cyber liability insurance), can help reduce liability, strategies for risk management,, regulatory oversight and cyber asset valuations.