GFIA-19-02 GFIA comments on OECD next steps on cyber

The cyber insurance market is an important resiliency tool with many ancillary benefits. Every year the market continues to grow responsibly as insurers innovate and address consumer needs and market demands. There are challenges to market growth, which the industry continually monitors and works to overcome. Among these challenges are educational and awareness gaps, a risk landscape that is continually evolving and a need for more data. IPPC members may want to consider reviewing the broader cybersecurity landscape to review how policy and regulation can support open market penetration through greater cyber risk awareness, data sharing and information sharing.

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