Responding to an intensifying cyber risk landscape

Innovation and technology, Financial services leadership and talent, Risk management and oversight
/ Insurance and Asset Management

Insurance Governance Leadership Network, December 2021

On November 4th (virtually) and 17th (in London), Insurance Governance Leadership Network participants met to discuss how cybersecurity risks and responses have evolved and which risks are of particular concern to large insurers, including the potential of new approaches to cyber insurance. They also discussed incident response, advances in cyber risk management and oversight, and the possibility of expanding public/private partnerships. This ViewPoints draws on pre-meeting conversations with participants and the November discussions, and focuses on the following areas:

  • Cyber risk is intensifying

  • Firms face mounting pressure to improve cyber risk management

  • Cyber security oversight continues to evolve