Blog | G5 Cyber Security

Insurers Getting Smarter About Assessing Cyber Insurance Policy Risks

Cybersecurity experts expect 2016 to be the year that insurance companies gain greater maturity with how they underwrite cyber-insurance customers and assess them throughout the life of a policy. The cyber insurance market is set to triple in the next few years and will reach $7.5 billion by 2020. The more insurers gain experience and tools in assessing the true risk posture of clients, the more likely policies will grow expensive for risky clients and claims will be rejected for those who fail to meet policy requirements. As companies are assessed before policies are written, the process may uncover issues they may have been unaware of.”]

Source: https://www.darkreading.com/analytics/insurers-getting-smarter-about-assessing-cyber-insurance-policy-risks

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