Is Your Cyber Insurance Provider Doing Enough?

Insurance Business America has published a piece centered on the idea that the cyber insurance industry needs to grow and evolve alongside growing cyber security threats.

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In order to better meet the needs of the moment, the article recommends that cyber insurance providers collect better data to fine-tune risk assessment and pricing models; coordinate and disseminate information among IT professionals, cybersecurity consultants, company stakeholders, and insurance providers to make sure the risks and stakes are clearly outlined and understood by all involved parties; create highly-specific product offerings that address the unique exposures and vulnerabilities of each industry; and educate clients about ongoing developments as well as providing resources and support in proactively encouraging good cybersecurity practices. 

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You can read more here about how cyber insurers can better serve their clients’ needs.