Three Key Requirements for Cyber Insurance - Firstpolicy

Finance

Source: Three Key Requirements for Cyber Insurance - Firstpolicy

Cyber is an ever evolving and exciting field of insurance. The cyber insurance product initially came into existence as an indemnity product, passive in nature, paying out losses after they happened like other insurances. Then there was a realization that the insurer cannot be a passive player at all times and has to be involved in the management of the cyber claim by providing incident response services.

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