Article / Risk Management
Insurers Piece Together Data to Price Cyber Insurance

The insurance industry is working to get a clearer picture on how to accurately price cyber coverage and tech companies are eager to help. Insurers are using first generation cyber models and common core data requirements, developed by modeling firms that serve as a road map for the type of data insurers need to collect. Experts say insurers still need help from tech firms to figure it out.

There is somewhat of a gold rush going on by tech firms — startups and established ones – to try to help insurers price risk more accurately. Tech companies understand that they can help solve the problem.

We explain that insurers must know how investments in technology controls can impact risk to understand pricing. To learn more about what’s impacting cyber insurance pricing, download the article below or find it in the March 2017 issue of Best’s Review

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