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Ransomware and other cyber-attack vectors have increased at a rapid pace over the last few years, and more companies have been forced to pay the ransom amounts. This results in higher expenses for attack mitigation and recovery, increased costs from downtime, loss of customers, and regulatory fines. Cyber insurance companies have also stepped up their requirements to ensure that financial institutions have the proper layers of defense in place prior to even offering a policy, which has driven down the number of policies being written. During this timely on-demand webinar session, Paul McCulloch, Product Manager for the new Jack Henry Cyber Liability Insurance offering, and Tom Williams, Business Continuity Strategy Manager, will discuss the changing landscape and what you can do to ensure you have the proper coverage in place to protect your institution and shareholders.

The insurance industry has long worked under the assumption that cyber claims, or cyber incident response, should be led by a lawyer or IT specialist. While legal and IT services are essential components of cyber claims handling, and the cyber provider ecosystem, their expertise is necessary at the right time and not necessarily for every situation that transpires. Dedicated project management can help to streamline the cyber claims process.

In an increasingly cost-competitive industry, digital technologies are providing today’s insurance carriers with new methods of distinguishing themselves from competitors. Of particular focus is the claims process. As insurance’s ‘moment of truth’, policy-holders’ experiences when making a claim can define whether they become satisfied and loyal customers for life or disgruntled, and unlikely to return. With the majority of insurance executives believing that customer experience will see the biggest impact from technologies like AI, machine learning and advanced analytics, it is no surprise, therefore, that claims should take a special focus.

You will be receiving a new model of social development a look at 2022, find your role of insurance in climate change management, and the way to the economic recovery of the country in this 3 days' convention. In this event, the main Executives of the Insurance and Reinsurance Companies, both National and Foreign, brokers, Adjusters and academics, Officials of the National Government, Media, General public and International Experts related to Insurance and to the Financial Sector.