Could Cyber Insurance be the ultimate cross-over of Insurance and Technology? As more and more tech professionals move into the world of Underwriting it feels like there will be a shift in the market where Tech companies move into Insurance Markets. Covering areas like identity, data and denial of service, the virtual world is as complex as the physical world in terms of risk assessment.
As Cyber matures to become an established line of business for Insurers, here are 7 predictions for 2017.
2016 was definitely the year of cyber insurance emergence. As large-scale attacks and disclosures of massive data-breaches were reoccurring along the year, we realized once again that allocating tremendous efforts and resources to your cybersecurity defense does not provide any guarantee you won’t experience an incident.