Much like the physical construction of a skyscraper, building a cyber insurance tower requires a strong foundation, careful planning of each layer, plenty of ventilation, and a healthy dose of innovation to meet the needs of all insureds and insurers involved on an account.
With cyber events occurring with regularity in nearly every industry, no insurer wants to be the sole company on the hook for a claim. Crafting an insurance tower means as many as 45 to 50 insurers can handle a portion of the hundreds of millions in coverage large multinational corporations seek nowadays.
Read more at http://www.advisenltd.com/2015/09/24/higher-and-higher-cyber-insurance-towers-take-careful-construction/
Ayers, Erin. ‘Higher and higher: Cyber insurance towers take careful construction’. ©2015 Advisen Ltd. 30 September 2015.
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