Integrating cyber insurance into a comprehensive cybersecurity strategy requires cooperation across an entire enterprise. Risk managers increasingly seek the input and assistance of IT leaders in their organizations to assess how cyber insurance can add value and flexibility. This session will examine the factors behind successfully managing and insuring cyber risk, with an emphasis on how well the insurance industry is meeting the needs of their customers.

• Elisabeth D. Case, Managing Director, Marsh [Moderator]

Cryptojacking, ransomware, social engineering – by the time businesses and their insurers catch on to the most prominent threats, it may be too late. This session will address how underwriters and CISOs can work together to identify the cyber threats most likely to strike next and assess the implications for organizations. Panelists also will share their insights on how best to mitigate the impact of emerging cyber risks.

• John Farley, Managing Director, Cyber Liability Practice, Gallagher Bassett [Moderator]
• Saxxon McCarty, Regional Sales Director, CrowdStrike

As the Internet of Things becomes the Internet of Everything, virtually everyone is exposed to the consequences of hackers seizing control of the expanding network of sensors and systems in our homes and businesses. But how much should organizations and their insurance partners worry about digital disasters? This session will explore the various vulnerabilities of physical systems, the steps businesses should be taking to address them, and the latest insurance innovations in the field.

When business is brought to a halt by a cyber attack, the recovery process can be arduous and knowing how an insurance program will respond is vital to success. This session will evaluate the avenues of recovery for business interruption claims stemming from cyber attacks with an emphasis on how to satisfactorily manage claims and get businesses back in action quickly.

As the public and the political arena become more aware of just how much personal data is collected by internet-connected devices, heightened regulatory scrutiny is likely to follow. From privacy violations to product liability claims, risks for organizations and their insurers abound. This session will explore the potential impact and crossover into the product liability, general liability, and property lines of business as well as examine some of the latest examples of regulatory and legislative interest in IoT.

Cyber insurance is not the only option for transferring or financing cyber risk. Risk managers increasingly view captives as potentially an important part of their overall cyber risk management strategy. The Insurance Linked Securities market is exploring securitized cyber risk, and it is likely that capital market-backed insurance and reinsurance products are on the horizon. A panel of experts will explain recent developments in alternative cyber risk financing and risk transfer, how they will benefit insurance buyers, and what threats and opportunities they pose to insurers and reinsurers.