“Because the market is changing so rapidly, what underwriters require today might look completely different compared to what we may require in 30-days’ time. As such, it’s important for brokers to work with clients to ensure they have baseline standard controls like multi-factor authentication (MFA) in place, and that they get a high-level assessment of their client’s cybersecurity posture well in advance of their renewal,” said Kelsey French, Tokio Marine HCC Underwriting Director for Cyber & Professional Lines Group.
Source: The state of the cyber insurance market heading into 2022 | Insurance Business America