The companies are: AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance and Travelers. The mission of newco CyberAcuView is: “to (1) help the insurance industry provide better value and service for policyholders in their cyber risk mitigation; (2) provide leadership in addressing cybercrime and increasing resilience to cyber risk; and (3) help ensure a competitive market for cyber insurance. CyberAcuView is industry-supported, working for the benefit of policyholders, the insurers that serve them, and the connected economy at large.”
Some specific activities of the company are:
- “Providing industry best-practices to improve resilience to cyber risk;
- Proactively engaging with regulators, law enforcement and other security agencies to counter cybercrime and the rapid rise of ransomware;
- Developing systemic risk solutions and advancing cyber policy language to improve market efficiencies; and
- Analyzing cyber trends to provide enhanced visibility on cyberattacks and the causes of loss so that insurers can identify critical controls and educate policyholders on loss prevention strategies.”
Visit CyberAcuView here.
Consortium of Leading Cyber Insurers Announce the Launch of CyberAcuView NEW YORK – June 17, 2021 – Leading cyber insurers announced today the formation of CyberAcuView, a company dedicated to enhancing cyber risk mitigation efforts […]
Source: Press Release June 2021 – CyberAcuView