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RSAC 2024: Top cyber insurance trends, traps and advice | SC Media

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SAN FRANCISCO – Cyber insurance has been around for 25 years, but experts say AI, new privacy laws and rapidly evolving threat vectors are challenging insurers to rethink risk and how they advise their customers to play it safe. At a panel discussion here at the RSA Conference titled “The Art of Cyber Insurance: What's New in Coverage and Claims,” panelist tackled recent trends impacting the underwriting process, coverage, claims, regulatory and legislative developments. For more real-time RSAC coverage from SC Media please visit here. Peter Hedberg, a senior underwriter with Corvus Insurance, cited several industry moving-targets, including a lack of standard policy terminology. He said each underwriter identifies new and evolving tech differently, such as AI and endpoint detection and response, with no standard industry definitions. This dearth of common language, he said, can create unintended confusion when companies are comparing one cyber insurance policy to another. "When your C

SAN FRANCISCO – Cyber insurance has been around for 25 years, but experts say AI, new privacy laws and rapidly evolving threat vectors are challenging insurers to rethink risk and how they advise their customers to play it safe. At a panel discussion here at the RSA Conference titled “The Art of Cyber Insurance: What's New in Coverage and Claims,” panelist tackled recent trends impacting the underwriting process, coverage, claims, regulatory and legislative developments. For more real-time RSAC coverage from SC Media please visit here. Peter Hedberg, a senior underwriter with Corvus Insurance,

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