WASHINGTON (Nov. 28, 2023)
CIPR to Hold Session Titled Cyber Risk and Assessment – An Insurance Industry and Market Perspective at ̳ Fall National Meeting
The ̳ (̳) Center for Insurance Policy and Research (CIPR) will hold a session during the ̳’s 2023 Fall National Meeting. The session, “Cyber Risk and Assessment – An Insurance Industry and Market Perspective,” takes place Sunday, Dec. 3, 2023, from 2:00 p.m. – 3:30 p.m. Eastern Standard Time.
During the event members of CIPR’s staff will moderate discussions focused on the importance of insurers keeping personal identifiable information (PII) they collect from the insured safe and secure. Meeting participants will receive a broad assessment of industry cybersecurity losses over the past decade, and learn about the ongoing ̳ initiatives, and general cybersecurity best practices aimed at minimizing such losses.
Having appropriate cyber insurance in place is one tool that insurance companies can employ for their own cybersecurity risk management. Suitable modeling of cyber risk underpins the development of a robust cyber insurance marketplace for not only insurers but commercial entities at large. CIPR will also include an overview of the cyber risk modeling landscape, how these tools are being employed from an underwriting perspective, and where this modeling field is headed to allow for further cyber insurance marketplace advancement.
CIPR’s special session is open to all registered ̳ 2023 Fall National Meeting participants. This year’s Fall National Meeting will be held November 30 – Dec. 4, 2023, in Orlando, Florida in a hybrid format.
About the ̳
As part of our state-based system of insurance regulation in the United States, the ̳ (̳) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the ̳, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. ̳ staff supports these efforts and represents the collective views of state regulators domestically and internationally.