Another Sneak Peek at Cyberrisk and -insurance

0 May 30, 2016 at 9:35 am by

risk word isolated on digital backgroundIn two weeks, I will be at the IASA Annual Conference in San Antonio, Texas. I’ll be on Panel 674, talking about “True Customer Centricity” (and our 2015 study, “Capturing hearts, minds and market share“), but of course will also be discussing our new study, “Cyber and beyond”, which will be published during the conference.

For the last sneak peek, we discussed how well companies are prepared for the risks of interconnectedness, a.k.a. cyberrisks, and saw that risk maturity could generally be improved. But how? Can technology help, regulation, other government intervention?

Our data agrees with what experts on cyberrisks told us in interviews: companies know that risks of interconnectedness are a growing issue, but are unsure on what to do about it. Consider these statements:

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Or these:

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Does that look like a clear direction on where to go to you? It doesn’t to me, either.

What are leading insurers doing about it? They

  • Prepare for a future of digital interconnectedness
  • Build solutions with and for digital interconnectedness
  • Collaborate to take full advantage of digital interconnectedness

More in two weeks…

 

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