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Rabu, 03 Juli 2013

Insurance Technology - Cyber-Liability Insurance Market Could See More Business in Europe - TMCnet's Insurance Technology eNews

 
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June 21, 2013

Insurance Technology - Cyber-Liability Insurance Market Could See More Business in Europe


Cyber-attacks are unfortunately pretty common against most businesses. But a recent survey from the Chubb Group of Insurance Companies estimated that only 35 percent of U.S. companies invest in cyber-liability insurance. Another survey put the number at 30 percent.

It’s also important to note that “liability for loss of customer or employee data is not typically covered under a corporate insurance policy,” according to Forbes magazine.


“Cyber cover” insurance in the United States was estimated by Betterley Risk Consultants to lead to $1.3 billion a year in premiums. It apparently grew after relevant laws were put in place in 2005 – which required companies to let people know if personal information was compromised during a cyber-incident, TMCnet reported. Read More

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