Insuring cyber risk:
Not for the faint
Cyber risk is one of those areas that requires quite varied expertise to manage and insure. The challenge is that brokers must advise their clients on risks that are so complicated and have so many facets,
that the risk to the broker is massive.
However, with brokers increasingly taking up their role as risk advisers, they will need to develop the relevant skills, even
if it is just the skill of using cyber risk professionals to ensure their advice is sound.
Cybercrime changes daily and the technology that people and business use is getting more sophisticated by the
day. How do brokers then advise their clients without exposing themselves? Big thank you to our contributors for their participation in this feature where we unpack the the risks and share suggestions on how to protect clients.
Look out for our Cyber Risk E-book, where we will host several more opinion pieces which we could not fit into the magazine.
Enjoy the read