Nice concept; however, given the recent warnings for 2016; I hope that IDC and others are not overwhelmed as well as able to meet their client’s expectations. My concern is expectations by policy holders as well as leaders operating in a mode of false sense of security and ignoring warnings that they would have focused on closely without the insurance.
New report offers insight into some of the tools and models available today to help insurers expand into this emerging market, balance their risk portfolios, and maintain a positive outlook
FRAMINGHAM, Mass., March 15, 2016 – Increased digitization and interconnectivity have catapulted the risk of cyber threats as one of the top global perils of 2016 and beyond. To combat this risk, many companies will look to insurance as a critical risk management technique that complements improved cyber security measures. IDC Financial Insights outlines the tremendous opportunities for insurers to capitalize on this largely untapped market in a new report, Perspective: Cyber Insurance — Can Technology Help Insurers Overcome Their Skepticism? (Doc #EMEA41044816), and emphasizes some of the tools and models that can help insurers effectively penetrate the emerging market while balancing their risk portfolios.