10 Ways Cyber Insurance Will Change Cybersecurity in 2021
  • 14 Jan 2021
  • 1 Minute to read
  • Dark
    Light

10 Ways Cyber Insurance Will Change Cybersecurity in 2021

  • Dark
    Light

Article Summary

In this video I speak about emerging market trends I've seen in the cyber insurance space and how those changes could impact cybersecurity. Depending on where you stand, this could be good news or bad news.
Joseph Brunsman can be reached at Joseph@cplbrokers.com or (443) 949-5228


00:10 Greater scrutiny given to claims and applications
01:10 Some Industries not offered coverage
02:32 Some coverage features lowered or removed
04:09 Policy endorsements increasingly removed
05:30 Higher premiums
06:33 Higher deductibles
07:50 Validation of increased expenses in cybersecurity
10:01 Increased adoption...Continued lack of expertise
12:09 Solarwinds exclusions
12:39 Insurers get serious about vendor security requirements
13:35 Moving Forward
15:52 Damage Control: Cyber Insurance and Compliance


For a free PDF copy of Damage Control: Cyber Insurance & Compliance, visit: https://www.cplbrokers.com/book2


Disclaimer: I'm not giving official insurance or legal advice. This video is for general information purposes only. Talk to an attorney licensed in your jurisdiction familiar with your own circumstances. Seriously! Trust nothing you see on the internet!


Was this article helpful?