The Global Cyber Insurance Summit focussed on strategies to Mitigate Cyber Risk in the new normal: People, Process, Technology and Cyber Insurance.
This was the first international Cyber Insurance Summit presented by GIC Re, Data Security Council of India and the City of London Corporation. This was a genuine thought leadership event, which attracted senior regulators and global industry experts, who shared their views
from global and domestic perspectives.
The Summit focussed on the ever-evolving trends of cyber liability and how unforeseen events such as a global pandemic are changing the risk, while new technologies such as AI are helping to manage that risk.
The Global Cyber Insurance Summit addressed:
• Global threat landscape, data protection regulations, new methods of cyber attacks
• Components of an integrated cybersecurity plan for businesses and -the role of cyber insurance
• Anticipating the next normal-how employees, customers, supply chain, channel partners, and sector peers need to collaborate to address the evolving threat landscape
There were also suggestions on how to popularise cyber insurance covers in India – and offer integrated solutions and not just indemnification – as cyber exposure is a concern for all, including risk managers, underwriters, regulators, the government and the cybersecurity agencies, especially as cyber exposure, permeates all risk groups and impacts wider economies.
