The Role of Intermediaries in Placing Cyber Risk
According to a recent EY survey, just two-thirds of organizations surveyed thought they had adequate cyber coverage to meet their true exposure to cyber risk. Why is this the case?
With the wealth of data available to companies and their insurer partners, there should be enough information to tailor specific insurance cover to any organizations’ needs. However, upon deeper analysis, there are several structural factors across the market that contribute to this inefficiency and under-protection of corporations.
Brokers must adapt their advisory techniques, according to their client’s characteristics. Most of our findings in this paper apply to both small and large insureds, however, nuances will still exist according to client size and industry.