Bullseye Adjusting & Associates LLC

Now’s The Time For Insurers To Develop Meaningful Cyber Liability Policies

 Monday, April 17, 2017

 Third Certainty

Uncertainty about several key variables appears to be causing U.S. businesses and insurance companies to move cautiously into the much-heralded, though still nascent, market for cyber liability policies. Insurers continue to be reluctant to make policies more broadly available. The big excuse: Industry officials contend there is a relative lack of historical data around cyber incidents, and they also bemoan the constantly evolving nature of cyber threats. This assessment comes in a report from the Deloitte Center for Financial Services titled: Demystifying Cyber Insurance Coverage: Clearing Obstacles in a Problematic But Promising Growth Market