2017 Survey of Cyber Insurance Market Trends

October 2017

PartnerRe and Advisen are proud to release a white paper that features the results of a comprehensive survey of the evolution of the market for cyber insurance, both first- and third-party coverage, and the factors and trends impacting that evolution. The 14-page paper also highlights how players view key events and issues such as the impact of the general data protection regulation (GDPR) on the take-up rate for cyber liability insurance, the Dyn DDOS attack, and the WannaCry ransomware attack.

This story is an excerpt of the original. The content originally appeared in Advisen Media White Papers.

PartnerRe | Advisen Ltd. October 2017. 2017 Survey of Cyber Insurance Market Trends [White Paper].

Cyber Liability Due Care Requirements: Prepare Your Organization to Address Them

January 2017

Night Lion Security has released a report that focuses on the concept of due care in the cyber risk industry. This 5-page paper features a discussion on how organizations can prepare cyber liability due care requirements.

Understanding the Concept of Due Care

What is due care in cyber liability policies? What are the guidelines for due care and how can they be met? What is the National Institute of Standards and Technology’s (NIST) Cyber Security Framework? These are some of the questions answered in this paper from Night Lion Security.

Learn more about the paper and download it here: http://www.advisenltd.com/2017/01/06/cyber-liability-due-care-requirements/

Advisen Ltd. (January 2017). Cyber Liability Due Care Requirements: Prepare Your Organization to Address Them [White Paper]. Retrieved from http://www.AdvisenLtd.com

Bundling Cybersecurity Protection and Risk Transfer Together: What are the Benefits?

November 17, 2016
11:00 am – 12:00 pm ET

Cyber crime costs organizations an estimated $400 billion every year, and this number is growing fast.

With an ever-increasing need for cybersecurity, insurers and cybersecurity vendors are exploring new ways to create innovative product offerings. Bundling a cybersecurity solution with an insurance offering for an organization to gain protection against cyber threats and also transfer cyber risk is one such novel approach. The joint solution offers tremendous benefits to customers and vendors.

Earlier this year, Symantec Cyber Insurance partnered with Chubb and CoverHound to offer a consolidated cyber insurance product tailored for SMBs.

On Thursday, November 17, join Symantec’s Dave Gillmore, Coverhound’s Anita Sathe, Aite Group’s Jay Sarzen, and Advisen’s Chad Hemenway as they provide a closer outlook of these emerging relationships. They will discuss the benefits of this new holistic approach to address cybersecurity challenges. They will also analyze its ability to mitigate insurance claims, enable customers with a strong security posture, access qualified prospects and differentiate insurance products.

This free, one-hour webinar is sponsored by Symantec.

For more info and registration for this webinar, visit http://www.advisenltd.com/events/webinars/2016/11/17/bundling-cybersecurity-protection-and-risk-transfer-together-what-are-the-benefits/

Advisen Ltd. (2016). Bundling Cybersecurity Protection and Risk Transfer Together: What are the Benefits? [Webinar].

2016 Survey of Cyber Insurance Market Trends

October 2016

Advisen and PartnerRe released a white paper featuring the results of a comprehensive survey of the evolution of the cyber insurance marketplace. The 2016 Survey of Cyber Insurance Market Trends is intended to give insurance providers and brokers additional insight into the factors and trends impacting that evolution, as well as the demand and growth potential for cyber insurance products in the US.

The free, 11-page paper is sponsored by PartnerRe.

Read and download the paper @ http://www.advisenltd.com/2016/10/25/2016-survey-of-cyber-insurance-market-trends/

Advisen Ltd. (October 2016). 2016 Survey of Cyber Insurance Market Trends [White Paper]. Retrieved from http://www.AdvisenLtd.com

Cybersecurity Preparedness and Response: A Middle Market Risk Management Perspective

September 2016

Advisen and The Hartford released a white paper which presents the results of a comprehensive survey of middle market professionals on their views about cyber preparedness. The study was conducted to gain insight into the cybersecurity preparedness and response strategies of businesses with revenues/ budgets between $15 million to under $1 billion. It revealed interesting views on cyber risk, cyber risk insurance management, cyber incident response plan, and cyber liability coverage. It also offers practical steps on how middle market businesses can mitigate privacy and security risks. The free, 17-page paper is sponsored by The Hartford.

Read and download the white paper at http://www.advisenltd.com/2016/09/30/cybersecurity-preparedness-and-response-a-middle-market-risk-management-perspective/

Advisen Ltd. (2016). Cybersecurity Preparedness and Response: A Middle Market Risk Management Perspective [White Paper]. Retrieved from http://www.AdvisenLtd.com

Unlocking the Value in Cyber Data: Getting a Clearer View of Risk

January 2016

Advisen wrote a white paper that discusses the importance of evaluating the cyber risk of an organization, as well as underwriting and pricing cyber liability coverage. It looks at the importance of combining technology and insurance to improve chances that an organization can more quickly recover from a cyber attack. The free, 8-page paper is sponsored by PivotPoint.

Mitigating Cybersecurity Risks

Cyber risks have become a major threat that many organizations are wondering whether or not their cybersecurity investments are properly deployed and their insurance programs are as effective as possible.

This content originally appeared in Advisen Ltd. To read the paper, you must download the Unlocking the Value in Cyber Data: Getting a Clearer View of Risk Report.

Unlocking the Value in Cyber Data

December 02, 2015
11:00 am – 12:00 pm ET

Received wisdom in the cyber marketplace says historical data on the frequency and severity of cyber risk events is not sufficient to fully quantify the financial risk of cyber exposures.

But is this true? After all, the insurance industry typically refines models. It does not wait to have the perfect data. Rather than waiting decades, do we now have enough information for organizations to understand cyber vulnerabilities—and for insurers to build the marketplace and strengthen its role in improving cyber resilience?

On December 2, Advisen will host a webinar to explore what data the industry actually has today and uncover the value of this data for quantifying cyber risk.

This free, one-hour webinar is sponsored by PivotPoint Risk Analytics.