Behind the Quote: How Cyber Underwriters Evaluate, Price and Bind Risk
Session Summary:
This session will give insurance agents and cyber insurance purchasers a clearer understanding of how cyber underwriters evaluate risk and determine eligibility, coverage, terms, and pricing. Attendees will gain insight into the key factors considered throughout the underwriting process, including which cybersecurity controls matter most and why. The session will also help participants better understand how an organization’s security posture can influence coverage decisions and overall insurability.
Learning Objectives:
The session will provide an overview of Cyber insurance underwriting process including following steps:
Submission & Triage - Understand the business
Risk Assessment - Evaluate security controls
Pricing & Coverage – Quantify cyber exposures
Negotiation & Binding - Communicate and negotiate terms
Renewal Monitoring - Continuously monitor evolving risk
Speakers:
Eric Cernak, Head of Cyber Insurance - The Hanover Insurance Group
Jacob Keys, Senior Underwriting Specialist, Cyber - The Hanover Insurance Group