Advanced Level Cyber Insurance Coverage
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Transcript of Advanced Level Cyber Insurance Coverage
NetDiligence®
Cyber Risk & PrivacyLiability Forum October 8-9, 2014
AdvancedCyber Coverage
Speakers
Laurie Kamaiko
Partner
Edwards Wildman Palmer LLC
New York, NY
Ziad Kubursi
SeniorVice President
Philadelphia Insurance Companies
Wayne, PA
Matt Prevost
Vice President
ACE USA
Philadelphia, PA
Susan Shay
Senior Vice President
Swiss Reinsurance America Corporation
Windsor, CT
Florence Levy
Senior Vice President
JLT Specialty InsuranceServices, Inc
Denver, CO
Josh Ladeau, CISSP – Moderator
Coverage ‘Matters’• What’s Trending?• Current Coverage Enhancements & Future Direction
• Fortune 1000• Small & Midmarket
• Can the underwriting community keep pace?
Underwriting the Underwriters• Rapidly evolving exposures & and loss environment• Market Dynamics; pressure on premiums, retentions and limits• Aggregation Concerns
• Lines of Business & Industries; Geographical & Political• Fac You! Difficulties in obtaining facultative reinsurance…
Cyber Cover Challenges• Unintended and/or Unanticipated Coverage
• Statutory, Regulatory, Case Law Expansions• Old Language applied to New Exposures
• Application of Traditional Coverage Provisions• Exclusions, Subrogation, Other Insurance; Standard Exclusions
Questions?
Thank You!!