How to Futureproof Your Clients For Successful Cyber Insurance in 2023

Presented by

Andrew Maher, Axis; Andrea Garcia Beltran, RSA: Alessandro Lezzi, Beazley; Andy Thomas, KYND and Dan Leahy, Howden Specialty

About this talk

When it comes to the end of cyber insurance applications and renewals in 2022, there has been a dramatic shift felt across the entire value chain. Companies were put under more scrutiny, underwriters became more demanding and less willing to offer coverage, and brokers found it harder than ever before to get favourable terms for their clients with many being refused coverage. This shift is why clients need to be prepared now for the next renewal/application phase and not risk waiting until nearer the time. After all, the cyber landscape is constantly evolving and more importantly – hackers don’t have a renewal date! Attend this webinar to: -Examine the evolving cyber landscape including insights into updated regulatory standards and new consequences for not imposing them -Understand the criteria underwriters are looking at when underwriting cyber and what needs to change in 2023 to meet the demand for cyber coverage -Learn how brokers can effectively respond to common responses from clients and ensure a more seamless renewal process where clients are better prepared and they understand how to look after cyber risk - changing it from a chore to a value add -Gain insight into why there needs to be a shift in thinking, with a focus on clients when it comes to risk prevention, risk visibility, and sharing information during the whole life of the policy - not just at the renewal phase -Hear handy tips and view useful tools that everyone in the cyber insurance value chain can use to help reduce a client's risk profile in order to successfully secure cyber coverage in 2023 The session will be moderated by Ed Ventham, Co-Founder of Assured.

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