CYBER INSURANCE MARKET WATCH SURVEY

May 15, 2017

The Council of Insurance Agents & Brokers (The Council) is pleased to release its fourth biannual Cyber Insurance Market Watch Survey. The survey, which consisted of 16 questions designed to provide insights into the burgeoning cyber insurance market, creates a snapshot of the market allowing us to monitor changes and trends. Since the formation of this survey in 2015, we have seen many positive developments in the market. When it comes to purchasing cyber insurance, clients are beginning to ask the right questions as they become more familiar with the risk. We have also seen a steady increase in take-up rates among clients and prices continue to stabilize. As brokers become more experienced with cyber exposures, they are growing their knowledge of this new breed of risk and playing an increasingly crucial role in both cyber risk mitigation and post-event response.

Spotlight

Marsh & McLennan Agency - Upper Midwest

Marsh & McLennan Agency is a risk prevention organization dedicated to helping businesses proactively reduce risk by anticipating the needs of its clients' people and assets. Its prevention-driven approach uses a unique assessment process and facilitates growth and strengthens companies by reducing the cost of risk for corporate clients. Its services include employee benefits, commercial insurance, alternative risk programs, loss prevention, claim management, human resource consulting, health management and financial services.

OTHER WHITEPAPERS
news image

Data culture: The insurance imperative for growth and resilience

whitePaper | March 17, 2022

The challenges facing the insurance industry have accelerated a shift in customer expectations for digital-first, streamlined and personalised relationships. This content highlights how creating a strong data culture can enable insurers to improve decision making and enhance the customer experience.

Read More
news image

Improving the Speed and Efficiency of AI-Enabled Damage Assessment in Insurance

whitePaper | May 16, 2022

The combination of high-resolution aerial imaging and artificial intelligence has practical applications for multiple use cases, such as manufacturing defects detection, environmental impact studies and planning, urban vegetation mapping, and precision agriculture. Now, as major natural disasters have increased, the insurance industry is using aerial imagery and AI for damage assessment. This is part of an expanded focus on post-event analysis that uses data, AI, and analytics to understand risk mitigation. Aerial imagery and AI can help address varying spectral bands of resolutions and other factors that the human eye cannot easily connect.

Read More
news image

The digitalisation of the insurance tax landscape

whitePaper | August 23, 2022

From independent operators to midsize businesses and Fortune 100 companies, more than 30,000 customers choose Avalara for tax compliance tools scaled to their needs. You’ll find Avalara all around the world helping businesses prepare for growth in the global market.

Read More
news image

The Insurance Impacts of 2019 Novel Coronavirus

whitePaper | February 2, 2020

The outbreak of 2019 Novel Coronavirus (2019- nCoV), in Wuhan City, Hubei Province of China, has prompted questions of how insurance policies might respond to claims stemming from business losses attributed to this infection prompting this White Paper. The primary virus infection, which can result in pneumonia and even death, originated from a Wuhan city seafood market. Subsequently, person-to-person transmission has occurred, primarily to health workers who had contact with those initially infected. The concern is that this may lead to widespread infections, worldwide.

Read More
news image

The resurgence of reinsurance

whitePaper | September 1, 2022

Insurers and reinsurers have engaged in a mutually beneficial, if somewhat co-dependent, relationship for centuries. It’s not only a partnership, but also a dance. And while it takes two to tango, reinsurance plays a key role in the well-being of insurers and when managed skilfully provides critical risk management for the long term.

Read More
news image

Streamlining the Automotive Claims Process via Integrated Intelligent Automation

whitePaper | November 21, 2019

As intelligent automation (IA) emerges as a best practice across numerous industries, insurers and technology service providers alike are racing to build out use cases for IA that streamline the various stages of an automotive insurance claim. While automation cannot be viewed as an isolated lever or standalone solution to bring efficiency and cost savings, when IA integrates with other channels, technologies and platforms, it unleashes its full potential.

Read More

Spotlight

Marsh & McLennan Agency - Upper Midwest

Marsh & McLennan Agency is a risk prevention organization dedicated to helping businesses proactively reduce risk by anticipating the needs of its clients' people and assets. Its prevention-driven approach uses a unique assessment process and facilitates growth and strengthens companies by reducing the cost of risk for corporate clients. Its services include employee benefits, commercial insurance, alternative risk programs, loss prevention, claim management, human resource consulting, health management and financial services.

Events