Based upon the published OMG discussion paper, "The State and Future of Cyber Insurance," the co-authors will briefly present a synopsis of the paper, leaving ample time for open discussion with attendees regarding the current cyber insurance market and its shortfalls. We will then cover the emerging market that includes the embedded sale of cyber for the cloud market and the potential for streamlining the underwriting process, resulting in a more dynamic insurance product. Finally, we will dive into parametric insurance products and areas it can remedy in cyber insurance, including the new market for non-fungible tokens (NFTs).
Understand the cyber insurance market and its current shortfalls, as well as the importance of a quantified risk assessment in the process and understanding the policy.
Understand how elastic cyber insurance, embedded in cloud agreements, will shape the future of the cloud market.
Describe parametric insurance and its many advantages and obtain an early education on the product and how it will change the cyber insurance market.
Chief Information Security Officer,
Maiden Global Servicing Company, LLC