SAN FRANCISCO—One broker sitting on a panel at Advisen’s Cyber Risk Insights Conference here offered advice to his underwriting comrades: Be aggressive because the market is wide open.
“Go after manufacturers, go after industrial companies,” said Bob Parisi, managing director of cyber for Marsh, during the February 15 event. “We all know what happens in healthcare, retail, [financial institutions]—write those all day long and there will be claims. But if you want to diversify your book you’re going to have to learn how to write the property for an industrial control system.”
The discussion focused on cyber-related business interruption coverage and revealed some needs in the marketplace—at least through the eyes of the brokers on the panel.
Read more at http://www.advisenltd.com/2017/03/20/will-cyber-related-business-interruption-coverage-pave-road-real-market-growth/
Chad Hemenway, Will cyber-related business interruption coverage pave the road to real market growth? (March 20, 2017), available with subscription at Advisen Cyber Front Page News.
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