National E-Summit Cyber Insurance "Reinvigorating The Future For Bridging The Gap"

Cyber Insurance is designed to help businesses hedge against potential cybercrime including Ransomware, Malware and Denial-of-Service (DDoS) attacks. It is a specialty lines insurance product intended to protect businesses, and individuals providing services for such businesses, from Internet-based risks, and more generally from risks relating to information technology infrastructure, information privacy, information governance liability, and activities related thereto. Risks of this nature are typically excluded from traditional commercial general liability policies or at least are not specifically defined in traditional insurance products.

However, Cyber risk is steadily increasing. Security/Data breaches affect millions of records a year and reports of breaches continue to rise at a dramatic rate. The introduction of viruses and unauthorized access are well known examples. Also, the typical Commercial General Liability (CGL) policy provides protection against claims of bodily injury or property damage for which your business may be liable. The Commercial General Liability insurance covers a wide range of Liability loss exposures faced by most organisations; it is the foundation for most organisations’ Liability insurance programs.

The Chief Guests for the National E-summit on Cyber Insurance is T.L Alamelu Member, (Non-Life) Insurance regulatory and Development authority of India & the Special address will be given by Shri Saurabh Mishra, Joint secretary, Ministry of Finance, GOI.

Key Areas of Discussion:-

• Cyber Security & Commercial General Liability (CGL) Insurance
• New Growth Opportunities & New Risks For The Cyber Insurance Industry.
• Empirical Analysis of Cyber Insurance Sector vis-à-vis Coronavirus
• Reshaping Catastrophe Risks & Insured Values.
• Automated risk assessment and monitoring.
• Cyber risk Audit, Cyber risk Modelling & Cyber risk Reinsurance