Sentences with phrase «grow cyber insurance»

Their session will explore some of the issues arising within the growing cyber insurance market.

Not exact matches

With many in the industry speculating the HBO compromise could mark a sea change for what is already one of the fastest growing types of business policy: cyber insurance.

While that's just a fraction of the $ 1 trillion in net premiums the U.S. insurance industry wrote in 2013, experts forecast that spending on cyber insurance will grow exponentially in the years ahead.

The findings from this report show that while the cyber insurance industry is growing, there's still a significant gap in cyber coverage.

As use of outside providers through models such as cloud computing expose PII to third parties, it calls for robust contractual terms, which is a tangible area where in - house counsel can flex their muscle around cybersecurity and mitigate risk, says Kroman, as well as advise on the necessity for cyber insurance, which is growing in popularity.

The other hot topic in insurance circles is cyber, and the growing threat to policyholders of cyber-attacks and losses.

As this area of insurance grows, and the need for it becomes more widespread, it follows that insurance brokers who fail to bring the availability of cyber cover to the insured's attention, or who fail to obtain adequate cyber cover, are going to be at risk of litigation.

From our friends at Law.Com: In the growing market for cyber insurance, carriers are trying to compete on price.

The insurance industry must also be alert to the fact that there are multiple potential benefits linked to big data analytics and processes, but there are also a number of growing risks, such as privacy issues and cyber threats, which may have a significant reputational impact on the insurer and the sector if they were to materialise, apart from other consequences attached to regulatory breaches.

The growing prevalence of of cyber attacks has led insurers to begin offering identity theft insurance to individuals.

With rising health care costs, growing cyber threats and the constant worry about liability, every business can benefit from investing in a comprehensive commercial insurance policy.

Report highlights the growing demand for cyber protection IDC Financial Insights has released a new report highlighting cyber insurance as an excellent opportunity for insurers due to the growing demand for this form of coverage.

Premiums are beginning to decline due to the growing rarity of major cyber attacks Cyber insurance premiums are beginning to fall thanks to a decline in the number of major data breaches that have been reported.

The global cyber insurance industry is expected to grow to $ 7.5 billion by the end of 2020.