With evolution in cybercrime, brokers' roles are more complex and critical

Negative search engine optimization, crypto-jacking, and new dominant strains of ransomware are just some of the cyber threats facing businesses today, and as these emerging risks continue to evolve, cyber insurers are trying to keep up in providing effective expertise. “Cybercrime has just accelerated and proliferated so rapidly that it’s helping to create more awareness and interest in cyber insurance, and it’s also pushing those of us who provide cyber liability insurance to continually evolve the product,” said Jeremy Barnett (pictured), senior vice president of marketing and business development at NAS Insurance, and a panelist at the upcoming Emerging Risks & Innovation Summit in New York. As a result of the progression in cybercrime, cyber insurance is transforming to become more than just a policy, and its experts’ roles are likewise changing.