Cyber Insurance

How does Cyber Insurance relate to an annual policy renewal?

Unfortunately, it doesn’t really match too well. As security threats and breaches continue to mount, there is a growing need and demand for insurance services to help mitigate today’s risk, so why does the cyber-insurance business not understand the dynamic nature of the cyber risk. It’s not static, it’s like an earthquake with little or no warning.

Established approaches to risk management are now being outflanked and outpaced by the contagious speed and connectivity of new, evolving and escalating risks in Cyber (known and as yet unknown).

So why not keep on top of the problem and renew every month or every day and adjust premiums accordingly instead of annually?

This is possible on our platform as everything is 100% digital so can be done very rapidly.

 

 

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