|9:00 am - 9:05 am|
|9:05 am - 9:20 am|
Opening Chairman’s Remarks by Graeme Newman, Director of CFC Underwriting
|9:20 am - 9:55 am|
|9:55 am - 10:15 am|
Cyber Market Metrics
Cyber risk is one of the most dynamic and fast-growing segments of the insurance market, but it is one that poses a wide array of challenges to both risk managers and underwriters. New capacity is being attracted to the market even as losses mount and underwriting variables grow in both number and complexity. This session will examine the forces shaping the cyber risk market and how they influence capacity, pricing, profitability, growth rates, product innovation, and competition. Data will be drawn substantially from Advisen’s proprietary cyber loss and insurance program databases, with insight and commentary provided by a leading cyber risk market expert.
|10:15 am - 10:30 am|
“The Survey Says”
Zurich’s Jeremy Smith will present the results of research – sponsored by Zurich and produced by Advisen – based on a survey of European Risk Managers and Insurance Buyers and illustrates the extent by which executives and board members view the relative seriousness of various cyber risk threats. How are businesses addressing their cyber risk management needs? How do businesses choosing between retaining the residual risk of a cyber-security breach or transferring it through the purchase of insurance?
|10:30 am - 10:45 am|
|10:45 am - 11:30 am|
The Risk Management Perspective
A panel of risk management experts discuss how cyber exposures fit into a broader risk management framework and the role of insurance in addressing these exposures. Panelists will delve into the decision-making process and examine the factors that shape the buying decision.
|11:30 am - 12:15 pm|
Insurance Coverage and Coverage Issues
What will cyber insurance look like in the future? Will stand-alone Cyber Risk cover continue to make sense? This panel discussion will delve into insurance coverage to review recent underwriting developments and how this cover is evolving. For example, are policy wordings keeping up with the pace of change in exposures?
|12:15 pm - 1:30 pm|
|1:30 pm - 1:35 pm|
Opening Afternoon Remarks by Chairman Graeme Newman, Director of CFC Underwriting
|1:35 pm - 2:00 pm|
Regulatory Landscape Update
This presentation will provide an update on European cyber regulation. This year has seen landmark privacy rulings (eg the right to be forgotten) and legislation around data processing. However, Europe holds its breath for the crucial next 12-24 months as the EU decides on a major regulatory overhaul.
|2:00 pm - 2:45 pm|
The recent Sony Pictures breach in the US has catapulted the potential impact of a cyber event on operations to the top of the corporate agenda. This panel discussion will explore the impact of an event on business interruption, supply chain and operational risks. The panelists will also explore the insurance implications of physical damage cover.
|2:45 pm - 3:15 pm|
“Who goes there?!”
Who are the actors behind some of the highest profile cyber incidents – external or insiders…Cyber terrorists, activists, criminals, heating contractors?…does it really matter? This session will delve more into the “insider threat” and the human capital needs to combat these threats. Panelists will discuss overall threats; the greatest threat and discuss the implications for risk management and the insurance market with a particular emphasis on recruiting human capital to combat threats.
|3:15 pm - 3:30 pm|
|3:30 pm - 4:15 pm|
Reputational Risk – Real or Fallacy?
A new threat to corporate reputation is emerging: a cyber attack by an insider or a third party. Data breach notification laws – led by the US – require even small companies to disclose breaches. Even without regulatory disclosure, the likelihood of the corporate and consumer public learning about a breach is high. How a corporation deals with such an event can have significant repercussions on a firm’s reputation – or can it? In this session, panelists will consider current perceptions of the reputational risk presented by a cyber event and will test these concerns on a set of recent data breach examples. Experts will also consider the insurance and risk mitigation services available for reputational risk.
|4:15 pm - 4:45 pm|
Internet of Everything and More
When machines are programmed to perform tasks independently, they become exposed to a hacking threat. This panel will look at the exposures posed by ‘smart machines’ and will address the wider implications for systems and networks and even critical infrastructure. What role can insurance play?
|4:45 pm - 5:30 pm|
Live Cyber Incident Simulation Exercise: London 9th/10th February
The military does it, MI5 does it – increasingly corporations are doing it… Cyber war games are becoming a crucial part of testing your company’s responsiveness and resilience in the face of a ‘live’ cyber event.
On 9th February 2015, Advisen will host a cyber-incident simulation exercise that will see selected teams of experts – representing the various stakeholders in a real event – work through a mock cyber incident in real time. An observation team will critique the handling of the incident and report back some best practices and key takeaways for our conference audience in London on 10th February 2015.
|5:30 pm - 6:30 pm|
Closing Remarks by Graeme Newman, Director of CFC Underwriting
|5:30 pm - 6:30 pm|
We consistently deliver an audience that is 25% or more comprised of Risk Managers & Insurance Buyers, Brokers (25%-30%), Insurance Companies (30%), Lawyers (10%), and other insurance professionals (5%).
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