|08:00 - 09:00|
Breakfast & Registration
|09:00 - 09:05|
|09:05 - 09:15|
Remarks from our 2016 Conference Chair
|09:15 - 09:45|
|09:45 - 10:00|
What will the future of cyber risk look like?
The globalization of value chains, increased financial integration, rapid urbanization, and the Internet’s ubiquity have all accelerated worldwide economic growth over the past few decades. Unfortunately, these same developments have also significantly increased our vulnerability to external shocks and global crises. With risks mounting and traditional systems of control weakening, now is the time to ask: do the risks of being connected outweigh the benefits to global economic growth?
|10:00 - 10:45|
The Risk Manager’s Perspective
How do businesses quantify and qualify their cyber threats? Before businesses can deploy capital to addressing risks, they first need to know what they are and how they can affect operations. This session will look into how risk managers assess their risks and outline some best practices.
|10:45 - 11:00|
|11:00 - 12:30|
1100 – 1130 / Real Claims Trends
Does the reality of cyber loss experience match the topics discussed at most conferences? Much time is spent discussing data breach, but is that what is keeping underwriters up at night? This session will outline where the actual claims are coming from – intellectual property theft, E&O, media liability, etc. Is the loss trend shifting? How is it affecting carrier pricing models and driving pricing and underwriting controls?
1130 – 1230 / The Forensic Dissection of a Claim
You only really find out what you’ve bought when you have a claim. This session will use case studies to assess how a cyber claim works in reality. What is the role of the traditional loss adjuster? How do buyers access the services available under a policy? Which services offer the most effective application of the policy limit?
1100 – 1230 / Harnessing the Numbers
Is it possible to quantify the threat of cyber risks to a business? With Lloyd’s driving the quantification of cyber risk, this is becoming a business imperative in the London market. This session will look at the factors that contribute to the cost of a cyber loss and various initiatives to model cyber risk, including how to quantify and manage systemic risk and aggregations of exposures.
|12:30 - 13:30|
|13:30 - 15:00|
1330 – 1500 / Debates
Is cyber accurately priced? (30 mins): How is cyber priced in a changing market? Is it adequate? This session will draw perspectives from different carriers in the US primary, excess, London and Bermuda markets. The panel will outline how they price cyber risk and address the thorny issue of adequacy.
Should property market cover physical damage? (30 mins): These two speakers will discuss whether a property policy should cover cyber losses. They will explore some of the grey areas in current policies, if/how BI and CBI losses are addressed and how to avoid gaps for cyber-related physical damage losses.
Should cyber terrorism be shouldered by the insurance market? (30 mins): Is there a need for a government backstop?
1330 – 1415 / A Big Year for Regulation
How does the landscape look for data liabilities in 2016? NIS, GDPR, and the Parliamentary Inquiry on Talk Talk will all change the liabilities of businesses with regard to data management. This session will outline some of the major changes and look at their implications.
1415 – 1500 / Data Liabilities and Insurance
Taking the new data liability landscape, where should these exposures fit into insurance products? Should standalone cyber cover these risks, or should they sit within existing policies? If the latter, how can cyber insurance experts assist in quantifying and rating those exposures?
|15:00 - 15:30|
|15:30 - 16:15|
Is the Cyber Market Fit for Purpose?
Is the Cyber market fit for purpose? Is there a disconnect between boardroom perceptions of the adequacy of insurance cover for cyber risks and the reality? This session looks at the risks businesses are seeking to transfer to insurance and discusses the practicalities of a full response from the insurance market.
|16:15 - 17:00|
Cyber War Game
The military does it, the government 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. Ahead of our conference, 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.
|17:00 - 18:00|
Closing Remarks & Reception
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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