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Instant Insights / October is National Cybersecurity Awareness Month

The COVID-19 pandemic has revealed new cyber threats. Now's the time for insurance professionals and insureds to reexamine cybersecurity strategies and coverage.

Commentary

Time for insurers to be smarter about privacy

Here are four steps carriers can make to capitalize on a wider variety of data sources for their own benefit as well as the benefit of consumers.

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There are at least seven additional types of privacy concerns for insurers. (Source: Deloitte’s modified Eight Types of Privacy, based on the work of Finn R.L., Wright D., Friedewald M., “Seven Types of Privacy,” 2013)

It’s no wonder most insurers default to defensive mode whenever privacy issues are raised.

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