Cybersecurity

The whitepaper encourages insurers to step beyond their traditional role with SME clients and also serve as cybersecurity consultants.

A common scam has evolved from stealing money from companies to taking actual products that they produce or sell.

According to a report from Allianz, D&O insurance underwriters are keeping an eye on litigation concerning expanding cyber threats and ESG liabilities in 2023.

While currently only private passenger types and light/medium trucks are eligible for the coverage, there is a possibility that ISO will expand the eligibility to include other vehicle types in the future.

Cyber risks are constantly evolving as hackers find easier and more lucrative attack vectors.

Around half of startup founders report being pressured to invest in cyber insurance by their investors, board members or both.