Understanding the Unique Aspects of Cyber Insurance Claims

 Wednesday, May 8, 2019

Location: Online

Sponsor: NAMIC

Website: https://www.namic.org/edu/virtual/19series/claims#190508

The prevalence of cyber coverages offered by mutual insurance companies makes it important to understand the different nature of cyber coverages compared to traditional coverages. An emphasis on incident management and service support is the most meaningful aspect to cyber claims. Claims units servicing cyber coverage need to understand it is not just about writing a reimbursement check but ensuring that policyholders get the help they need from service providers that have the correct skill sets. Time frames are also important since traditional claims responses may take weeks, but cyber timescales shrink to days. This session aims to provide more clarity to the unique aspects of cyber claim