Creating a Cyber Insurance Policy

2016-06-29T11:03:35
ID COALFIRE:0379A10D0ABB31E926CB617AE8AD9F8B
Type coalfire
Reporter The Coalfire Blog
Modified 2016-06-29T11:03:35

Description

According to research from PartnerRe and Advisen, the global cyber-insurance market is currently worth $2 billion a year, a number which is expected to double by 2020.With 60% of underwriters and brokers seeing a significant demand in cyber-insurance from customers, there is clearly a great business opportunity for the insurance sector to offer cyber-insurance policies. However, unlike the standard model of developing a policy, cyber-insurance has a number of areas that policy providers need to first consider in order to see success.