Cyber insurance is no longer a niche product – as if a series of high-profile attacks didn’t shine a bright enough spotlight on the product, then a global pandemic which thrust the world into a remote working environment most certainly did. Now, cyber insurance has become so mainstream that some have suggested that traditional P&C insurance will soon be renamed P&C&C insurance, in line with the product’s surge in interest.
For brokers, however, the cyber landscape remains challenging – how do you sell a product that is constantly changing, and how do you help clients mitigate risks when the threat landscape can alter during every minute of the day?
To answer all these questions and more, Insurance Business Australia has put together a Cyber Power Panel that will meet quarterly to discuss all the latest issues and address the concerns of brokers operating in the cyber insurance market.
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From professional indemnity to directors and officers (D&O) cover, and from management liability to statutory liability, the professional risks landscape is as diverse as it is complex. Keeping on top of its challenges is important for insurance brokers, particularly in what has become a notably litigious environment.
So where do you turn for expert advice and to ensure you’re giving your professional clients the latest insights that will help shape the coverage they obtain?
Insurance Business wants to put professional risks brokers on the right track. That’s why it has put together a Professional Risks Power Panel that will meet every quarter to discuss some of the industry’s biggest challenges, while also highlighting the opportunities awaiting savvy brokers. So, if you’ve ever wanted to get the cream of the crop of the professional risks industry in the same room, then look no further.
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Environmental insurance sits outside most standard commercial programmes, yet it carries the cost of remediating pollution incidents, third party bodily injury and damage to natural resources - exposures that a general liability policy will usually exclude.
As an insurance broker how do you keep on top of all of its intricacies and the regulations that can impact this already complex space?
The Insurance Business Environmental Power Panel aims to bring together the views of industry specialists. Each quarter, IB investigates the issues and trends shaping environmental cover for generalist and specialist brokers advising clients with environmental exposure. The aim is practical: what is available, what is excluded and where the market is moving for brokers whose clients face environmental liability challenges.
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