An examination of trends, challenges and sustainability in the cyber insurance market.
Cyber threats are increasing, and criminals are always using more sophisticated approaches to gain access to computer networks. With these increased threats, more businesses are turning to insurance to help manage cyber risk, which has led to increasing cyber claims and unsustainable loss ratios for this line of business. Further, as cyber criminals constantly adapt their approaches, the risk landscapes that insurers seek to measure continually change.
Join Insurance Bureau of Canada (IBC) and a panel of cyber insurance experts to gain a thorough understanding of this evolving product, market trends and the challenges cyber poses to consumers and the industry. The panellists will also take a macro look at fostering a sustainable cyber insurance ecosystem, an international perspective on the global cyber market, as well as the roles that the property and casualty insurance industry, governments and businesses can play in encouraging, improving and maintaining cyber resilience.