Understanding the Impact of GDPR on Customers and the Insurance Market

Download PDF: Webinar Slides

A regulatory sea-change is occurring in the European Union, which will have deep impact on the perception and treatment of cyber risk in the region – and will shape the insurance market for cyber coverage outside of the US.

On Wednesday, December 7, 2016, Advisen hosted a webinar that addressed the likely impact of the EU General Data Protection Regulation (GDPR) on the risk management environment in the EU. It also delved into some best practices companies need to adopt to comply.

GDPR creates new risks for EU companies, some of which are insurable, others not. This session explored how increased transparency on cyber security standards may affect risk management standards, and consequently lead to more insurance purchase.

This free, one-hour webinar is sponsored by Symantec.

Panelists

• Ilias Chantzos –Senior Director Government Affairs EMEA and APJ, Global CIP and Privacy Advisor, Symantec
• Steve Purser, Head of Core Operations, ENISA
• James Webster,  Head of Technology, Media & Cyber Claims,  Hiscox UK
• Rebecca Bole, EVP and Editor-in-Chief, Advisen (moderator)

Webinar Topics

The following topics were discussed:

• How will raised risk-awareness affect demand for cyber cover?
• What do underwriters consider a ‘good risk’ under GDPR?
• How will coverage conditions and the underwriting process change under the regulation?

Target Audience

• Risk management professionals tasked with compliance and risk transfer
• Brokers educating potential insurance buyers on the risk impact of GDPR
• Carriers developing EU cyber policies and underwriting criteria