Cybersecurity threats are constantly evolving and remain an ever-present reality for society and businesses alike. At the same time, increased digitalisation means that companies of all sizes are more and more at risk from cyber attacks.
Although still relatively young, the growing cyber risk insurance market offers useful tools for the transfer of such risks.
GFIA engages with policymakers to explain the role insurance can play in dealing with cyber risks, as well as the regulatory flexibility that is needed to allow the cyber insurance market to develop.
Click here for the cyber risk article from GFIA’s 2019-20 Annual Report.