NEW YORK—Cyber underwriting has come a long way from the early years.
“Back in 1999 and 2000 an account came in and you sent it off to a service provider, they did a report and you went to your X, Y grid of retentions and limits and came up with a price per million; that’s how you would underwrite,” said Bob Parisi, managing director at Marsh.
Parisi, the moderator of the Underwriting Process Laid Bare panel at Advisen’s Cyber Risk Insights Conference in New York, continued, “Since then the process has matured and become more detailed.”
Read more at http://www.advisenltd.com/2016/12/01/information-asymmetry-in-cyber-underwriting/
Josh Bradford, Information ‘asymmetry’ in cyber underwriting (December 1, 2016), available with subscription at Advisen Cyber Front Page News.
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