Cyber Panel: Pre- and Post-Loss Services Are Key Elements of Cyber Products

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A panel of cyberrisk experts gathered by A.M. BestTV at the Meeting of Reinsurance Officials in Montreal said insurers are using data to create and price cyber products, and that clients care about much more than financial indemnity.

 

Shelter Re's Lockard: Insurance Industry Is on Cusp of Transition

Greg Lockard, director of reinsurance operations, Shelter Re, said advances in technology and advancing consumer expectations are driving change throughout the insurance industry.
 

Willis Re's Barnes: Mutual Insurers' Policyholders Want a Big-Picture Solution to Cyber

Michael Barnes, assistant vice president, Willis Re, said mutual insurers' focus on policyholders likely means they would rather develop more complex solutions tailored to policyholder needs, than develop simple, limited products.

 

CyberScout's Cullina: Cyberrisk Operating in 'Post-Exposure World'

Matt Cullina, CEO, CyberScout, said cyber-related risks have evolved from data breaches to more targeted attacks that look to quickly monetize purloined data.

 

IBM's McLaughlin: Tech Helps Insurers Create Risk Tools for Users

Mark McLaughlin, global insurance director, IBM, said insurers will benefit from developments in data, artificial intelligence, cloud computing and industry platforms.

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