Across the country, questions are regularly raised around whether cyber risk is becoming uninsurable, and how to examine the potential benefits of cyber liability insurance policies.

Confusion with cyber insurance is understandable. Significant market change has occurred over the past 12 months, such as insurance carriers demanding heightened cyber security controls from organisations, and coverage concerns ranging from national state cyber events, wide-spread catastrophic cyber event, warlike cyber operations, sanctions liability and changing privacy related laws.

This session will examine the current state of cyber insurance and how the issues impacting cyber insurance align with best practices for holistic cyber risk management.

The session will begin by exploring key challenges which have seen cyber insurance carriers sustain major losses in the previous 12 months and current trends across incident triage and recovery. The presentation will also examine how cyber maturity is being assessed by the insurance market.

The presenters will explain the impact current market conditions are having on the insurance terms offered, key coverages which are changing, and the types of exclusions carriers are increasingly imposing. The session will conclude with practical guidance on how organisations can best assess their realistic insurance needs, recommendations on how to present their risk to insurers and strategies to minimise overall cyber insurance costs and gain confidence that purchased policies are fit for purpose.