Measuring the financial reputational harm from of cyber events may be difficult, but insurers will need to develop a product to meet the market demand for the risk, according to experts speaking during Advisen’s Cyber Risk Insights Conference, held Feb. 13 and 14 in San Francisco.
Unfortunately, the industry has far to go before being able to effectively underwrite and price reputational risk. Some strides have been made on insuring against business interruption and contingent business interruption, but reputational risk provides a different challenge.
Read more at https://www.advisenltd.com/2018/02/26/reputational-harm-rises-priority-insurance-industry/
Erin Ayers, Reputational harm rises as priority for insurance industry (February 26, 2018).
This story in an excerpt of the original. The content originally appeared in Advisen Cyber Front Page News.
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